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  • Foreign Policy Magazine

    ISIS Inc.

    Jan 22, 2018 3 minutes
    By Renad Mansour and Hisham al-Hashimi
    Illustration by ZAK BICKEL

    AS THE ISLAMIC STATE LOST one of its last villages in Iraq, Brett McGurk, the U.S. special envoy to the coalition battling the group, took to Twitter for a victory lap. The organization’s “phony ‘caliphate,’” he wrote, is “coming to an end.”

    It is true that the Islamic State has lost the vast majority of its territory, which at its peak in 2014 included about one-third of Iraq and half of Syria. Once dubbed “the world’s richest terrorist organization” by the

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