The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
On June 29, 2014, the Islamic State (also called ISIS) declared the “State of the Islamic Caliphate,” which adherents and supporters regard as nothing less than a restoration of the earliest model of the caliphate. Banners throughout the lands ruled by ISIS proclaim it the khilafa ʿala minhaj al-nubuwwa—or the “caliphate in the prophetic method”—that is, the model set out by Muhammad himself 1,400 years ago.
More remarked on by Western observers, of course, have been ISIS’ gruesome public beheadings, mass executions, immolations, and its slave markets and cryptic apocalyptic notions. Its spectacular and seemingly arbitrary violence has spawned an obsession with dramatic questions: Is ISIS truly “Islamic”? Or is it better compared to modern nihilists and exotic apocalyptic death cults?