Status of QCD

I have been asked to discuss the status of QCD. It seems to me that there are three main points to be made about the present status of QCD: $\bullet$ QCD is right, and we can do many beautiful things with it. $\bullet$ There are several important concrete problems that lie just beyond the edge of our current understanding. $\bullet$ There are some foundational issues in QCD, and some recent developments, that may point toward entirely new directions. These points will, I believe, emerge quite clearly from the following more detailed discussion. The discussion will be in three parts. I'll first discuss elementary processes, then more complicated processes, and then finally foundational issues.