The fact that there are no longer large units of Al Qaeda running around means you don't need B-52s. You need intelligence and special forces. And, most importantly, you need to resurrect Afghanistan from what is literally the graveyard of countries and transform it into a normal country, which the Afghans want.

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.

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.

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.

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.

[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.

The biggest mistake Barack Obama could have made is to change quite a few things in his Afghanistan policy. He increased the number of troops and at the same time set the US withdrawal date to 2014. Now the United States has to ensure that Afghanistan does not immediately collapse after being left to itself in 2014.