The evolution of a bourgeoisie is a healthy phenomenon when it grows and prospers thanks to bourgeois values: hard work, honesty, personal responsibility.

I didn't like doing predictions. It's certainly true that right now - and this could change tomorrow - but, right now there is no clear way for Putin to lose power. There seems little chance that a street revolution could unseat him; that's just not how things are going to work in Russia. And it seems as if the very tiny number of people who control the economy and who control politics in Russia are loyal to him.

I believe democracy can survive. But it's certainly true that the euphoria of the 1990s - an era when democracy was spreading and more and more people found it attractive - has ended. Trump is not a cause but rather a symptom of this change.

What's interesting about Navalny is that he has run a - not so much a pro-democracy campaign in Russia, but an anti-corruption campaign. He seems to have access to quite a lot of information about very senior Russians, including Putin.

Donald Trump may undermine some of the traditional checks on the presidency: the press in particular, but also the various government and Congressional ethics bodies, as well as the career civil service.

The world has always been a dangerous place. Now it is dangerous in a different way, because the world order that we've known since the end of the Cold War has been radically transformed. All of the institutions that preserved peace and promoted global trade will be weaker - NATO, the EU, NAFTA - and US relationships with other countries will change, too.

European security may now depend on Germany, France, Britain and one or two others, and it's better to start planning now for the possibility of European-only cyber-defense, counter-terrorism, and conventional defense too.