You have a lot of suspicion from the neighbors of Afghanistan about U.S. intentions. Iran is already, to some extent, trying to undermine the U.S. in Afghanistan. Russia is now becoming increasingly nervous about a more permanent U.S. presence in Central Asia. And China is not keen that the U.S. should be so close to its borders over a long period of time. Certainly, if the U.S. is going to be there for a long time, it's going to exacerbate regional tensions.

The West would be well advised to change its approach towards failing states. At present, no major power can find the correct ways and means - and the numbers of failing states are increasing. This year we watched the collapse of Mali, a consequence of the Libyan civil war. The south of Libya and Mali, and Niger too, are well on the way to becoming a no-man's land. After 9/11, George W. Bush and Tony Blair made the promise that they would not tolerate failed states because they could become a haven for terrorists. And today? The number increases.

What everyone underestimated was the acute unpopularity of the Taliban, even in the Pashtun areas. People like myself were saying the Taliban would be driven out very swiftly from the north of Afghanistan, but given that their main support base was in the Pashtun belt, there would be greater resistance there. That didn't happen. The Taliban had become deeply unpopular and were actually discarded by the Pashtun population almost as quickly as they were in the north. I don't see the Taliban coming back in any way.

I think within a year or so, perhaps, if 9/11 had not happened, in Afghanistan would have been a very broad-based general uprising against the Taliban.

Some Pakistanis fought for the Taliban. Pakistani extremist groups provided infrastructural support to Al Qaeda. There was a coming and going of Al Qaeda militants and leaders between Afghanistan and Pakistan for several years. All that has really happened is that Al Qaeda has escaped from Afghanistan come into Pakistan, got in touch with their contacts and friends in these extremist groups, which then provided them with safe houses, cars, and not just in the border areas but also in the cities. Rooting out Al Qaeda in Pakistan now is where the main battle is being fought.

[Mullah Omar] gave himself this religious title. So it was something that all those people there who swore an oath of loyalty to him as a religious leader could not easily get rid of.

I am confident that there are hedge funds, banks or investment companies that could allocate five percent of their portfolios for risky investments. In any event, for countries like Afghanistan the formation of an entrepreneurial class is of vital importance.