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.

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.

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

Putin imagined it would be different. So, like many Russian leaders before him, he imagined that Ukraine was basically Russia, but they speak with a funny accent. Actually, it's not Russia; it has a different identity. It has a very different language. Russians don't automatically understand Ukrainian. And, in particular, the way Ukraine has developed over the last two decades is different from the way Russia has developed.

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 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.