Revision with unchanged content. Terrorism is usually regarded as the enemy of globalization and capitalism. However this analysis completely misses the point as terrorism is precisely what allows globalization to exist: by ensuring that the fantasy of total exchangeability is never fulfilled, terrorism sustains the logic of capital itself. Reflections on (T)error is a meditation on the problems of confining the thinking of terrorism within the logic of exchange. This logic keeps us in the cycle of exchangeability: we remain within the game of surplus value and one-upsmanship; human lives are the very stake with which this game is played. It is only through looking at terror as such – as a singularity – that this cycle might be avoided; not by opposition nor by distancing oneself from it, but rather by complete immersion in terror itself. This book seeks to respond to the need to reconstitute the question of terrorism from a philosophical standpoint. It is addressed to researchers that think the realms of terrorism, post-structural philosophy and media philosophy.