In the days since the Islamic State in Iraq and Syria (ISIS) took control of much of northern Iraq, Western leaders and analysts have expressed alarm at what they have called a powerful new form of jihadism. Some have likened ISIS to a new al-Qaeda. Both assessments are wrong.
In its rapid advance toward Baghdad, ISIS has already eliminated national boundaries between Iraq and Syria, captured significant arms and weapons caches, caused a spike in global oil prices, reinvigorated ethnic and sectarian conflict across the Arab world, and given Islamic extremism a dramatic new source of appeal among many young Muslims. On June 30, the first day of Ramadan, ISIS also declared that it was reestablishing the â??Caliphate,â? long an aspiration of other jihadist groups.
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