There will instead be a number of fake opposition figures, one of whom is now probably going to be Kseniya Sobchak, which is an absurd idea. I assume she's been chosen because just even the idea of her standing for liberals so makes fun of the idea of liberals and of liberal democracy.

Though the poorest Americans voted for Hillary Clinton, many relatively wealthy people voted for Trump and generally it's a mistake to think that economics explains Trump. The US is doing relatively well, the economy has significantly recovered since 2008, unemployment rates are low. I would say rather that his appeal to the working class was cultural: "I'll bring back the kinds of jobs your fathers had," and, by implication, the whiter, simpler post-war world when America had no real economic competition.

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.

We can't continue assuming that politics is something which is decided elsewhere by distant leaders in a distant capital. Protest is insufficient too. If people who are willing to put time into demonstrations also prove willing to work on behalf of candidates in local elections - or to become candidates themselves - they will achieve far more. If all of this upheaval provokes more involvement, then we have a slim chance of ending up with more vibrant democracies eventually. The alternative, as you've hinted, is that democracy fails altogether.

To describe Russian politics as "managed democracy" - and that's sometimes hard for outsiders to understand, because a lot of the forms of democracy exist in Russia, so there are elections; there is a press; there is a campaign, and so on. But the outcome of the campaign is never in doubt. So the campaign is manipulated. There is a real opposition in Russia. There are one or two real opposition figures who do want to change the political system, but they will probably not be allowed to run, and one way or another they will be prevented from being on the ballot.

I don't want to predict calamity. But I am afraid of a new Russian occupation of parts of Eastern Europe. Also of a new Russian campaign to exert influence in Germany or other parts Europe, aimed at making continental politics less democratic. I am afraid of a US trade war and even a shooting war with China.

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.