People feel that with Brexit, and now the election of Donald Trump that the ‘sky is falling in’ – how worried do we need to be?

From an international perspective, we should be very worried. It’s the end of Pax Americana – the G-Zero has been a long-time coming, and now it’s officially here. One of the best things about being a superpower is that no one can do as much injury to you as you can do to yourself. That’s also one of the worst things.

We saw this with the massive overreaction to 9/11, and how much it hurt the US in the eyes of the rest of the world. Somehow, we managed to outdo ourselves this election cycle and the selection of Donald Trump.

It’s clear that the US doesn’t have the international credibility it once had. Compounding that is that American voters no longer want to be the global policeman, the architect of global trade or the cheerleader of global values.