The world order needs a major overhaul.

However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

Mankind's ability to understand and control the forces of nature greatly exceeds our ability to govern ourselves

I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.

I think that my foundation uses the money better than the government does. In any event, I do pay taxes.

I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.