Terrorism and the Economy: How the War on Terror is Bankrupting the World

Overview

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 ...

See more details below
Other sellers (Paperback)
  • All (13) from $1.99   
  • New (6) from $1.99   
  • Used (7) from $1.99   
Terrorism and the Economy: How the War on Terror is Bankrupting the World

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$10.49
BN.com price
(Save 24%)$13.95 List Price

Overview

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.

Read More Show Less

Editorial Reviews

Publishers Weekly
Napoleoni (Terror, Inc.) lays the blame for the current economic crisis on the Bush Administration's response to 9/11. Launching unwinnable wars on two fronts was, she argues, not only a disproportionate response, but came with unintended consequences. Because the Administration did not think it was feasible to raise taxes to cover the cost of the wars, the U.S. was dependent on international finance, particularly China. This bankrupted the U.S. economy, Napoleoni argues, and triggered "the biggest credit crunch in modern history," while creating conditions for the emergence of Islamic finance as "the most dynamic sector of global finance." Swinging from sweeping generalizations to genuinely intriguing ideas, the author draws upon past characterizations by Adam Smith, Karl Marx, and John Maynard Keynes of what she calls "true, authentic capitalism." She calls the capitalist of the past "an adversary worthy of respect" in comparison to those today, "made rich by globalization who are either thieves or simpletons."
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From the Publisher
"This is Napoleoni's third book on the economics of terrorism and it might be her best so far." —Grand Rapids Institute for Information Democracy

"Napoleoni (Terror, Inc.) lays the blame for the current economic crisis on the Bush Administration's response to 9/11. Launching unwinnable wars on two fronts was, she argues, not only a disproportionate response, but came with unintended consequences. Because the Administration did not think it was feasible to raise taxes to cover the cost of the wars, the U.S. was dependent on international finance, particularly China. This bankrupted the U.S. economy, Napoleoni argues, and triggered "the biggest credit crunch in modern history," while creating conditions for the emergence of Islamic finance as "the most dynamic sector of global finance." Swinging from sweeping generalizations to genuinely intriguing ideas, the author draws upon past characterizations by Adam Smith, Karl Marx, and John Maynard Keynes of what she calls "true, authentic capitalism." She calls the capitalist of the past "an adversary worthy of respect" in comparison to those today, "made rich by globalization who are either thieves or simpletons." —Publishers Weekly

Read More Show Less

Product Details

  • ISBN-13: 9781583228951
  • Publisher: Seven Stories Press
  • Publication date: 2/1/2010
  • Pages: 170
  • Sales rank: 1,516,636
  • Product dimensions: 5.28 (w) x 7.98 (h) x 0.51 (d)

Meet the Author

A woman of the Left who garners praise from Noam Chomsky and Greg Palast at the same time as she is quoted respectfully in Forbes and the Wall Street Journal, LORETTA NAPOLEONI was born in 1955 in Rome. In the mid 1970s she became an active member of the feminist movement in Italy, and later studied as a Fulbright Scholar at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies in Washington, D.C. She began her career as an economist, and went on to work as London correspondent and columnist for La Stampa, La Repubblica and La Paîs. Napoleoni is the author of the international bestsellers Rogue Economics: Capitalism’s New Reality and Terror Incorporated: Tracing the Money Behind Global Terrorism. She has served as the Chairman of the countering terrorism financing group for the Club de Madrid, and lectures regularly around the world on economics, money laundering and terrorism. Napoleoni lives in London and Montana. 

Read More Show Less

Table of Contents

Introduction The Warrior's Folly 1

Pt. 1 Scared to Debt

1 Dubai: The Rise of Islamic Finance 11

2 The Money Trail: Islamic Finance in the Bahamas 21

3 The War on Terror: America's Suicidal Mission 31

4 The Reversal of the Crusades 41

5 Bleeding America Bankrupt: Bin Laden Fulfills His Dream 57

6 The USA PATRIOT Act: A Self-Inflicted Wound 73

7 Oil as a Retaliatory Weapon 83

8 Scenes from the Global House of Cards 93

Pt. 2 The Fall of the Global House of Cards

9 The Bubble Bursts 105

10 The Politics of Fear 109

11 Las Vegas and Dubai: "Mirror, Mirror, on the Wall, Who's the Richest of Them All?" 121

12 The Danger of Protectionism 135

13 A New Economic Model 141

Bibliographic Notes 153

Index 159

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)