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.

Putin discovered that when he invaded Ukraine, he expected the Ukrainians to rise up and join him and say, "Yes, we want to be part of Russia," and that didn't happen. And they've been paying, actually, I think quite a high price for it, both in the ongoing war in Ukraine - which is I think increasingly unpopular in Russia - and also in the Western sanctions, and in general, the separation from the West that was caused by that.

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.

What is the appeal of Trump, really? It's nostalgic: "Make America great again." Like European nationalists, he has a vision of a "real" America, one which predates globalization, immigration, feminism, the civil rights movement and technological change, an imaginary 1950s to which we can now return. That is actually not very different from the kind of language that Marine Le Pen uses, or parts of the Brexit movement.

Think of the French presidential candidate Emmanuel Macron, Ciudadanos in Spain, Nowoczesna in Poland. These are early efforts to reimagine a liberalism which is neither right-wing nor left-wing in the traditional sense.

Putin saw the Ukrainian revolution as a challenge to him personally, and I think that's why he, in fact, over-reacted. I think his occupation of Crimea and then annexation for him was actually a mistake from Russia's point of view. And then his invasion of Eastern Ukraine was also a mistake. He imagined that he would invade Eastern Ukraine and then eventually split the country in half, and he discovered that in fact, Russian-speaking Ukrainians are not Russians, and they didn't support him.

I have been told by people close to Trump that "Brexit Britain" is the only foreign policy issue that interests him, because he thinks the UK referendum paved the way for him. He hopes to help Britain leave the EU, and possibly to damage the EU, by offering a trade deal.