Australian Conservative Newsletter (To Teddybear)

Tuesday, 7 September 2010[Image]Much was written in the late 1990s and early 2000s by the world’s economic pundits regarding the vaunted “New Economy”, a phrase coined to describe either the impact of the information and communications technology revolution on the global economy, or the economic implications of the new wave of globalisation that has in recent decades swept the world. However, this process of globalisation, in conjunction with the information and communications technology revolution, together with the "mutation" or "evolution" of both the “global illicit trade” and the new era “global Salafi jihad” into new decentralised, network-based forms, have all conspired to create a much more “chilling and … critical phenomenon in this period of our history - the New Economy of Terror”. This "New Economy of Terror" is important because it represents a fast-growing international economic sub-system, which has, thanks to the historical features mentioned above, become an integral part of the global economy (at both illicit and legitimate levels), “generating vast amounts of money … with a turnover of about $1.5 trillion, twice the GDP of the United Kingdom” and which represents the “feeding structure which sustains and nurtures” global Islamist terror.Continue reading "The fast-growing New Economy of Terror".[Image]The New Economy of Terror is the first of a stream of articles and opinion pieces on today's main issues that Steve Barber (right) will be contributing to Australian Conservative. Steve is an independent businessman and former lawyer who recently returned to Australia after 12 years living in the US and Canada. He has more than 25 years experience internationally in law, finance, operational risk management and counterterrorism issues.  When in Australia, Steve is based on the Sunshine Coast in Queensland, where he is an active member of the Liberal National Party, as Regional Secretary for the Sunshine Coast and as a member of the LNP’s Policy Standing Committee and the Chairman of the LNP’s Federal Trade & Resources Policy Committee. Steve will be expressing his own views, of course, and they are not necessarily those of the LNP or part of the LNP’s policy platform. You are receiving this Newsletter because you registered with Australian Conservative, or because a third party has forwarded their copy to you.