How can we escape from the trap that the terrorists have set us? Only by recognizing that the war on terrorism cannot be won by waging war. We must, … - George Soros

As I like to put it, we have hit pay dirt. The effort to cure the resource curse is a good example of what private foundations working with NGOs can accomplish.

The war on terror as defined by President Bush is a one-dimensional presentation of reality. We cannot fight terrorism by military means alone. We can use military force only when we have a known target; but it is the habit of terrorists to keep their whereabouts hidden. To track them down we need the support of the populations amongst whom they hide. Offense is not necessarily the best defense if it offends those whose allegiance we need.

I made two major discoveries in the course of writing: one is a reflexive connection between credit and collateral; the other is a reflexive relationship between regulators and the economies they regulate