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.

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.

Steve Bannon, the White House chief strategist, appears to imagine an alliance between Trump, Le Pen, Geert Wilders and Nigel Farage. Call it the populist international, a fraternal association of the nationalist right, binding people who want borders, across borders.

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

Trump has learned how to function in a world in which people now live in very separate realities, where they get their news from Facebook recommendations and believe in a particular set of facts. Others, who live in a different reality, know quite a different set of facts.

The Soviet Union was, by the 1970s and 1980s, relatively stable and predictable. Putin's Russia is much more volatile. Nuclear policy is really in the hands of one person, or a small group of people, instead of a huge party-state apparatus. The possibility of a mistake is greater now.

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.