Publications

That a Pakistani-born U.S. national was responsible for the latest attempted terrorist attack on U.S. soil should come as little surprise. Pakistan has stood, almost unchallenged, at the epicenter of global terrorism for the post-9/11 era. Individuals or groups based in Pakistan have been involved in the majority of planned attacks on Western nations since 2001 and the country has played a critical role in the resurgence of the Taliban in Afghanistan. Finally, nuclear-armed Pakistan maintains a network of Islamist militant groups focused on targeting India and is now host to a ferocious Islamist insurrection of its own; an insurgency that is now more deadly than those in either Iraq or Afghanistan. In short, no discussion of counterterrorism is complete without an examination of Pakistan and its role in Western terror attacks, the Afghan War, and its own attempts to combat domestic terrorism.

Long-time observers of American politics know that in order to truly put your finger on the pulse of the nation, you have to watch Wall Street. Savvy Iran-watchers will tell you that to do the same in the Islamic republic, you need to keep your eye on the bazaar.

Iran's sprawling marketplaces are more than simply centers of commerce. They are home to a powerful class of merchants who historically have served as key power brokers in the country's labyrinthine political system. Indeed, as the renowned historian Walter Laqueur astutely pointed out in the wake of the 1979 Islamic Revolution, the shah's loss of support among the country's shopkeepers and merchants was an important part of why Ruhollah Khomeini's clerical takeover ultimately succeeded. Simply put, Iran's businessmen no longer felt invested in the old, secular status quo. The rest, as they say, is history.