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Seven Stories Press

Works of Radical Imagination

Terror Incorporated

Tracing the Dollars Behind the Terror Networks

by Loretta Napoleoni


Foreword by Greg Palast

In Terror Incorporated, Loretta Napoleoni maps out the arteries of an international economic system that feeds armed groups the world over. Chasing terror money, she takes the reader from CIA headquarters to the smuggling routes of the Far East, from the back rooms of Wall Street to hawala exchanges in the Middle East.

Napoleoni describes the "New Economy of Terror," "a fast-growing international economic system with a turnover of about $1.5 trillion [that] is challenging Western hegemony. It is made up of illegal businesses such as arms and narcotics trading, and oil and diamond smuggling, as well as charitable donations and legal profits." Napoleoni reveals the interdependence between economies run by armed groups and western economies. As in the Crusades, religion is simply a recruitment tool; the real driving force is economics.


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“Penetrating, lucid and essential.”

“This thoughtful and incisive inquiry yields much insight into some of the most important issues of today, and tomorrow.”

“Utterly compelling, heroically researched ... [an] indispensable analysis.”

“Napoleoni comes up with a startling conclusion: the "New Economy of Terror" is a fast growing international economic system, with a turnover of about $1.5 trillion, twice the GDP of the United Kingdom.”


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, DC. 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 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.

Other books by Loretta Napoleoni