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.

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.

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.

In my view, the Western model of influencing the development of third world countries is doomed to failure. The West does not understand how to deal with states that no longer have any authority and are threatened by dissolution. Their efforts failed in Iraq as well as Afghanistan. They are simply not capable of promoting the indigenous economy. Many billions of dollars flooded into Afghanistan, but without any significant effect.

[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.

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.