Terrorism and the Economy

Terrorism and the Economy

How the War on Terror Is Bankrupting the World

By Loretta Napoleoni

Seven Stories Press, Paperback, 9781583228951, 170pp.

Publication Date: April 2010

Economist and best-selling author Loretta Napoleoni traces the link between the finances of the war on terror and the global economic crisis, finding connections from Dubai to London to Las Vegas that politicians and the media have at best ignored. In launching military and propaganda wars in the Middle East, America overlooked the war of economic independence waged by Al-Qaeda. The Patriot Act boosted the black market economy, and the war on terror prompted a rise in oil prices that led to food riots and distracted governments from the trillion-dollar machinations of Wall Street. Consumers and taxpayers, spurred by propaganda fears, were lured into crushing global debt. Napoleoni shows that if we do not face up to the many serious connections between our response to 9/11 and the financial crisis, we will never work our way out of the looming global recession that now threatens our way of life.
While we feared that Al-Qaeda might destroy our world, Wall Street ripped it apart.

About the Author
One of the world's leading experts on money laundering and terror financing, Loretta Napoleoni holds an MA in international relations and economics from Johns Hopkins University, and an MPhil in terrorism from the London School of Economics. Her books include: Terror Inc: Tracing the Money Behind Global Terrorism; Insurgent Iraq: Al Zarqawi and the New Generation; and Rogue Economics.