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"The intricate economics of terrorism"
January 15, 2010 5:33 PM

Loretta Napoleoni is an economist, journalist, political activist, and author. Her professional specialty is in the financing of terrorist activity, and how mainstream economic activity is affected by that financing. I found [via Bruce Schneier's blog] the following video of a speech given at the 2009 TEDGlobal Conference, and it's quite fascinating.

In a relatively short amount of time, Napoleoni posits that (1) most terrorists couldn't care less about the ideology of the group with which they're aligned - they're in it for much more self-serving reasons; (2) the pre-9/11 US economy benefited greatly from money-laundering activities used to finance terrorist and criminal organizations around the world, because - let's face it - everyone wants US dollars; and (3) the Patriot Act essentially shut down those money-laundering activities, causing a massive flight from the dollar to the Euro; Europe is now the center of those illicit activities, and is enjoying something of an economic boost as a result.

If you can spare fifteen minutes to watch the following vid, I think you'll be challenged by what you hear. I gained a new perspective on terrorism and the implications for how it might be more effectively fought...and perhaps why it's not being fought equally on all fronts.


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