There is no way the Americans are going to be able to carry out a full scale war against Iraq and at the same time maintain the same kind of pressure on the Al Qaeda network in countries as diverse as Indonesia, Philippines, and Pakistan, as well as in Europe.

Dysfunctional states like Afghanistan need business people who are deeply rooted in their country and invest in it. They can add stability. But all development programs of the United States and the European countries unfortunately exclude the private sector, which could make investments based on profitability.

Our Pakistan elites are spoiled by permanent foreign aid and therefore find it difficult to change course. Pakistan needs someone who stands up and says: Fundamentalism is bad, capitalism is good. This region harbors enormous potential. Pakistan could become the hub for the energy that is transported from Central Asia to South Asia. That could change the whole region.

America does not hold to the colonial tradition. America came, liberated Afghanistan from the Taliban and al-Qaida, came to an arrangement with Hamid Karzai, wanted to organize elections as soon as possible and then withdraw. The Bush administration thought that once there is a democracy, everything else will fall into place. If today you speak to the architects of the 2001 Afghanistan Conference in Bonn, they will tell you that instead of being fixated on elections, we should have built a State in Afghanistan with an army and a police force first.

We should remember that the Pashtuns are the largest ethnic group in Afghanistan. Of course, many of them did support the Taliban. But you cannot equate all Pashtuns with the Taliban.

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.

The Pashtuns feel discriminated against by the Americans because they supported the Taliban and the war is still going on in their region with continued U.S. bombing. They are also disgruntled at the overwhelming power of their ethnic rivals the Tajiks, who dominate the security forces in Kabul and control the key levers of political power. Although Karzai is a Pashtun also, many Pashtuns consider him a hostage to the Tajiks and Americans.