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.

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

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.

The old battle between Christian Democrats and Social Democrats is now meaningless, not least because the social structures that underlay those parties, the church and the unions, have faded away. Nationalists and populists understood this change earlier; now the rest of the political world needs to understand that the political lines have been redrawn and it's time to change.

We may be reaching the end of the liberal world order.

The Russian economy is about the size of the Italian economy; it's very small, and Russia's military force is larger than it was, because Putin's been investing in it, but it still doesn't compare to that of the United States, and his reach and aim still don't compare.

Putin has made life difficult for a lot of Russia's richest men; they don't like the sanctions; they don't like the war with the West. Many of them have houses and families and businesses in the West, and so I can see them being unhappy. But at the moment, the political system is so constructed that it would be very difficult for them to leave. That's not saying it couldn't change.