nothing happens in August - except when something really happens in August. World War I began in August, Saddam Hussein's invasion of Kuwait began in August, al Qaida was preparing to bring down the World Trade Center in August. August, in other words, is the time when all of us should prepare our backup plans, chart our reversals of course, [and] think through possible paradigm changes.

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.

Khodorkovsky is richest man. And he lost everything when Putin arrested him and took his company away, and essentially took his company away, sold it, and gave it to other people, and enriched them. So, he's a complicated figure as an opposition leader, and people admire him - he was in prison, and he was very brave, and he's written some good things since then, and so on. But at the end of the day, people see him as being part of the corrupt system that has done so much to undermine the Russian system since the 1990s, and I don't know that he can ever be a really popular leader.

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 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.

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.

If Putin decides to run, which we are assuming that he will, there really isn't anything that can stop him. He can manipulate the system so that he has not real opponents; he can manipulate the media so that nobody else gets any coverage. And then, if worse comes to worse, he can - as he has done in the past - just change the electoral results. So, it's not like it's going to be a very exciting election.