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The surrender of our
government in the summer of 2015
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caused a wave of discontent
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and depression, psychological depression,
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not just in Greece, but
outside of Greece too.
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So many people in Spain,
in Britain, in Germany
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had been inspired by the
possibility that the people
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of a tiny nation could
say "no" to the imposition
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of misanthropic policies by the creditors...
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The great institutions of capitalism.
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That hope died that summer.
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But of course, nothing really dies.
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It just needs to be revived.
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The question is how do you revive it?
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After my resignation,
I was receiving a lot of
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pressure from colleagues, from members of
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Parliament, here in
Greece, to start a new party.
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It was impossible for me
to do it, psychologically.
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The thought of it made
me lose the will to live.
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I needed to regroup, even within myself.
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I had to rethink everything from scratch.
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End of 2015, I found myself in Berlin
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with a Croat philosopher
who's become an excellent friend
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of mine, Srećko Horvat.
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And we went to have a coffee in a cafeteria
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and he asked me, he said, "So,
what are you going to do next?"
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And I said, "I think a democratic
pan-European movement is
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what I would like to work on."
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He said, "I agree. We have to do it."
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I said, "Okay, yeah, but
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we are two idiots having
coffee in a cafeteria in Berlin.
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How do we proceed from here?"
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He said, "We're going to
do it. I've got to go now."
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So, we parted ways.
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Next morning, he calls me. He
says, "I booked the Volksbühne
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for the 9th of February, 2016."
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That was four or five months
later. "You better prepare.
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We better prepare. " So, I
thought, " What? This guy's mad.
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We, the two of us, are going
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to start a pan-European
democratic movement?"
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And then the idea started growing on me.
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So, I started sending emails left, right
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and centre, coming up
with drafts of the manifesto,
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thinking of the name of the movement,
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and we decided to call this
movement: the Democracy in Europe
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Movement: DiEM25.
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The old fashioned system
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of creating a political
party in the context
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of the nation-state, making promises
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that you cannot fulfil
once you're in power,
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if you ever gain government,
that system is finished.
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I have watched mighty
finance ministers, including
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this country's, being reduced to a state
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of helplessness in the context
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of the European Union
Council, in the context
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of the Eurogroup.
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So, if we are right that
another political party,
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another organisation in the context
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of the nation-states,
is the wrong way to go,
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what is the only alternative?
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The only alternative is to
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try something we've never tried before.
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Okay, can we bring the people there?
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Okay, guys, the rest of you, you wait here.
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Sebastian will come here
and he will bring you to
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the other side of the stage. He's here?
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Good. Okay. Caroline's here. Who else?
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Miguel? No. Where the
hell is Miguel. Find him.
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I don't know. [INAUDIBLE] And
Rita Vares? No. Erasmus. No.
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[INAUDIBLE]
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There's going to be videos
[INAUDIBLE]. Caroline?
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So what if we are utopian?
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Doing nothing is not an option.
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The dream of the
marriage between capitalism
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and democracy is over.
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I was thinking about what
we're trying to do here,
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and it's a little bit like
trying to cook a meal
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that nobody's ever cooked.
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So, I thought our motto could be, "Start
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cooking, recipe to follow."
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Let me just end with
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paraphrasing Dylan Thomas,
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something I like doing. Somebody
asked, What is DiEM about?
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Well, DiEM is about not
going gently into the good night.
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To rage, rage, and rage
against the dying of the light.
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Have a good night.
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[INAUDIBLE] We exited the
auditorium and we were elated.
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We were on a high because
months of work had paid off.
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We had all these
thousands, tens of thousands
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of members on Day One.
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So we headed to the
bar for a celebratory drink.
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Along our path, we came
across an old German activist,
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a man in his late
seventies, early eighties,
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who had spent time in prison.
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He'd been a trade unionist,
an activist on the far left.
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He looked as pessimistic as he always does.
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He's got this face exuding negativity,
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but a wonderful heart.
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So, I asked him, I said,
"Klaus, what did you think of it?
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What did you think of
what we've just done?"
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He nodded and said, "You will fail."
Srećko, my colleague and comrade,
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who is much younger than me, and therefore
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a bit more agitated than I am,
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got pissed off with him. And he said,
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"So why are you here? Why are you here?
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Why are you darkening our night
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by being so negative?"
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The answer he gave me is,
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and has been since then, a great source
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of personal strength for me.
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He said, "Because I want
to be around the people
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with whom we will have,
together, to pick up the pieces
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when this whole thing collapses.
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That, to me, is a good enough reason
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to have a transnational
pan-European democratic movement."
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One of the difficulties, of course, is
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that Syriza got their chance.
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You got your chance,
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but you only survived a matter of months
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before, basically, chucking in the towel
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and saying, "I can't put up with this.
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This isn't what I came into politics for."
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And that really is the
test of the thing, isn't it?
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Will people stay the
course - as you describe this
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revolution that's sweeping
democracy in the world?
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I didn't throw in the towel.
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I just made the tactical decision
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to move out of the ministry.
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Politics, you know, is not something
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that just happens in
the corridors of power.
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It's also what happens where I am: amongst
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various democratic movements.
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What we need is a Green New Deal for Europe
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to create the good quality jobs
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that will defeat climate
disaster tomorrow morning.
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The European Union has the instruments
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that could be pressed into the service
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of a genuine Green New Deal,
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and I'll give numbers now.
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£500 billion pounds every year at least.
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This sounds like a lot of money. It is not.
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Do you know how much money is sloshing
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around in the City of London doing nothing?
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Being uninvested?
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It's about a £trillion
pounds. So only in London.
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Imagine in the whole of Europe.
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It's about 4.5 trillion in Europe,
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excess savings, liquidity, doing
nothing other than bidding up
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house prices and not doing what...
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But the European
Union has the institutions.
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You have the European Investment
Bank, which sounds boring,
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and it is boring, and it is in
Luxembourg, of all places.
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That's really boring.
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Is anybody here from Luxembourg? I'm sorry.
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But do you know, it's four times
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the size of the World Bank.
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The financing of a Green
New Deal will require
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taxing wealth, ending
tax havens, and so on,
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but that will really not be at all enough.
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Even if you introduce a
wealth tax, like the one
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that Elizabeth Warren and
Alexandria Ocasio-Cortez are
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proposing in the United
States, all you'll be able
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to raise is about 1% of GDP.
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It's good, but it's not enough.
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We need 5, 6, 7% to
have the green transition,
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the creation of the good
quality jobs that we need
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in this country, in Europe and so on.
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The main way of
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energising this excess
liquidity: public investment banks
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that issue bonds that operate like sponges
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that soak up the liquidity,
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and the central banks just
announcing to the market
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so they will support the bonds issued
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by the public investment banks.
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That was the New Deal idea,
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originally, of Franklin Roosevelt.
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We had our European New Deal,
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and, of course, we realised
that the political system doesn't
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give a damn about good
ideas and good agendas.
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Do you regret saying,
"That's it. No more Troika,
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no more bailout. It's
over." It wasn't over.
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Yeah, this is a fact, but
it was not so easy too.
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I know that the developments, the result,
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whatever happened afterwards, it was not
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a good development.
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So my heart, my soul,
said to me, "Go away."
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But my mind said to me
that I had to find a solution,
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even though I knew
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that this solution was very, very difficult
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and tough.
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So, after this very intensive
internal democratic dialogue,
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we agreed that we will
go electoral, as we put it.
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Right now, if one looks
at the opinion polls,
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out in front is the New
Democracy party, the mainstream,
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age-old, centre-right
party. Your old party Syriza,
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whom you worked for as Finance Minister,
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the radical leftist
government of the moment,
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they're struggling in the polls.
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But your own, even more
radical progressive offering,
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your new party, you're struggling
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to get even a single percentage point
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of the vote in the latest opinion poll.
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Well, allow me to say that this is unfair
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because we've just started the party.
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Judge us at the election.
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That's the only opinion
poll - especially for a party
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that is not even known
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that it exists in Greece at the moment.
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So, what are MeRA polling at right now?
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How close are you?
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Well, two days ago, we
were on a knife's edge.
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Yesterday and today we
had some secret polls being
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communicated with us
that tell us that we're safe.
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But, of course, opinion
polls are like sausages.
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If you know how they're made,
you don't want to touch them.
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That anniversary, in
previous years, of the NO vote
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of the referendum, every 5th of July has
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always been a very difficult
day for me personally.
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Every 5th of July,
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I've associated in my memory
reading on my laptop a barrage
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of attacks, on my own, struggling
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00:16:44,042 --> 00:16:46,619
to respond to each one
of them, writing reams
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00:16:46,702 --> 00:16:50,889
and reams of responses — feisty responses...
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Because I wasn't letting them off the hook.
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It was always a very
sad and very lonely day.
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So, when yesterday
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I found myself, not in pristine isolation,
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but amongst hundreds of
supporters in central Athens Square
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with that remarkable energy,
solidarity, and optimism,
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it was the first anniversary
of the NO vote that
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was not just pleasant
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but a kind of rebirth, a regeneration,
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a reinvention of whom we used to be.
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Welcome to the MeRA25 headquarters,
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the DiEM home base in Athens, Greece.
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As you can see, it's very quiet right now
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because tomorrow is
election day, which means
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that all campaign activities are on hold.
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Sure. This is, I would
say, the control centre
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of the MeRA25 operation.
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So, posters aside, this is a map
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that will have all the key
dates for the various tours that
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00:18:01,032 --> 00:18:03,812
Eric Edmond, whom you may
have met, would've been doing,
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travelling around in his
vehicle, doing little rallies
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00:18:07,412 --> 00:18:08,809
and building small teams of grassroots
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00:18:08,892 --> 00:18:10,572
activists all over the country.
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00:18:11,452 --> 00:18:14,692
I know you've struggled to get
funding for both DiEM and for MeRA,
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that this has been a huge issue.
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Okay. How have you managed?
249
00:18:21,912 --> 00:18:22,912
On a shoestring.
250
00:18:23,072 --> 00:18:24,652
We managed on a shoestring
251
00:18:25,122 --> 00:18:29,372
because, in the end, it's true. Capital
252
00:18:30,002 --> 00:18:32,652
does not flow into the coffers of parties
253
00:18:33,442 --> 00:18:37,812
that work against the interests
of financialised capitalism.
254
00:18:38,312 --> 00:18:41,852
But what is, I think, quite remarkable,
255
00:18:42,082 --> 00:18:44,132
is the kind of
256
00:18:44,652 --> 00:18:46,649
campaign against us waged within the
257
00:18:46,732 --> 00:18:47,852
banking system.
258
00:18:48,872 --> 00:18:51,132
It took us six months
to open a bank account.
259
00:18:51,362 --> 00:18:53,452
They kept pretending that
260
00:18:53,562 --> 00:18:54,772
some paperwork was missing.
261
00:18:55,392 --> 00:18:58,449
And then, once they
opened the bank account,
262
00:18:58,532 --> 00:19:00,289
they did everything they could to make sure
263
00:19:00,372 --> 00:19:01,692
that it is inoperable.
264
00:19:02,512 --> 00:19:03,789
So, for instance, if you wanted
265
00:19:03,872 --> 00:19:06,132
to make a donation using
your MasterCard, your Visa,
266
00:19:06,792 --> 00:19:11,212
you couldn't. If you wanted to
do web banking, you couldn't.
267
00:19:12,232 --> 00:19:14,692
The only way, they told us, that
268
00:19:14,912 --> 00:19:17,732
anyone can make a donation is if they
269
00:19:18,462 --> 00:19:20,572
stand and queue, they queue up,
270
00:19:21,552 --> 00:19:24,772
at the cashiers. When some
of our people try to do that,
271
00:19:25,792 --> 00:19:29,892
the cashiers ask them
for a letter from the party
272
00:19:30,492 --> 00:19:32,572
authorising them to give us money.
273
00:19:37,652 --> 00:19:40,292
Tomorrow morning, polls
open at seven in the morning
274
00:19:40,592 --> 00:19:44,292
and they shut at 7pm.
We are going to have some
275
00:19:45,122 --> 00:19:46,219
nail-biting moments after 7pm tomorrow
276
00:19:46,302 --> 00:19:49,572
until the first results come out.
277
00:19:50,512 --> 00:19:52,249
But, I still feel confident
that we're going
278
00:19:52,332 --> 00:19:56,092
to celebrate the return of
the anti-austerity movement,
279
00:19:56,392 --> 00:19:59,212
the Green New Deal, to
Parliament for the first time.
280
00:21:27,962 --> 00:21:31,179
The man who once promised
he could end austerity, defy
281
00:21:31,262 --> 00:21:33,982
Brussels and still keep
his country in the Euro
282
00:21:34,782 --> 00:21:37,859
conceded defeat tonight.
Alexis TsÌpras was going
283
00:21:37,942 --> 00:21:41,142
to transform politics in
Greece. After four years,
284
00:21:41,322 --> 00:21:44,459
the Greek people have said, "Enough.
285
00:21:44,542 --> 00:21:46,119
Let's go back to the traditional parties."
286
00:21:46,202 --> 00:21:47,202
How are you feeling?
287
00:21:47,912 --> 00:21:49,902
Mixed feelings. I mean, of course, elated,
288
00:21:50,242 --> 00:21:52,679
but at the same time,
saddened. On the one hand,
289
00:21:52,762 --> 00:21:54,179
we are elated that we are going
290
00:21:54,262 --> 00:21:55,782
to put this voice in Parliament.
291
00:21:55,992 --> 00:21:59,302
We're also elated that we
bumped off Golden Dawn.
292
00:21:59,682 --> 00:22:02,142
We pushed the Nazis out. At the same time,
293
00:22:02,472 --> 00:22:06,022
there is a new fascist party
coming in just ahead of us.
294
00:22:06,482 --> 00:22:09,939
And, of course, it's
impossible to celebrate,
295
00:22:10,022 --> 00:22:11,742
given that now we have a new chapter
296
00:22:12,322 --> 00:22:13,862
in this country's debt bondage,
297
00:22:14,732 --> 00:22:18,302
with a ruthless neoliberal
party in government
298
00:22:18,812 --> 00:22:22,942
with an absolute majority
that has the capacity, now,
299
00:22:23,042 --> 00:22:27,382
on the foundation of the
fourth bailout agreement
300
00:22:27,512 --> 00:22:28,979
introduced by TsÌpras
301
00:22:29,062 --> 00:22:33,342
and Syriza, our former comrades, to build
302
00:22:33,462 --> 00:22:36,222
a class war against people
who've lost almost everything.
303
00:22:36,672 --> 00:22:41,182
MeRA25 is a tiny candle
that has the capacity to pierce
304
00:22:42,082 --> 00:22:45,022
the darkness, but the
darkness is getting thicker.
305
00:23:01,842 --> 00:23:03,939
It's quite spectacular. Greece
became bankrupt, officially,
306
00:23:04,022 --> 00:23:05,462
in 2010. Our debt
307
00:23:05,882 --> 00:23:08,862
was something like 300 billion euros
308
00:23:09,642 --> 00:23:14,262
and our income was
around 240 billion euros,
309
00:23:14,962 --> 00:23:17,302
and that was considered to be such a gap
310
00:23:18,052 --> 00:23:20,062
that warranted calling Greece insolvent,
311
00:23:20,402 --> 00:23:24,182
and making us headline
news everywhere in the world.
312
00:23:24,812 --> 00:23:28,379
Well, now the 300 billion debt is
313
00:23:28,462 --> 00:23:30,662
370... 380, maybe,
314
00:23:32,002 --> 00:23:35,302
and our income from 240 is 162,
315
00:23:36,362 --> 00:23:38,782
and yet nobody talks about it as a case
316
00:23:39,082 --> 00:23:40,862
of deepening insolvency.
317
00:23:42,842 --> 00:23:46,849
Why? If the powers that be want to declare
318
00:23:46,932 --> 00:23:48,569
that you're insolvent because
they want to punish you
319
00:23:48,652 --> 00:23:50,012
or they want to make you do things
320
00:23:50,392 --> 00:23:52,729
or take away your stuff like, you know,
321
00:23:52,812 --> 00:23:54,452
your airports and your ports and so on,
322
00:23:55,212 --> 00:23:57,249
suddenly every newspaper in the world
323
00:23:57,332 --> 00:23:58,612
talks about your insolvency.
324
00:23:59,242 --> 00:24:00,732
Once they've taken away everything
325
00:24:01,432 --> 00:24:04,932
and they have installed
in Athens a government
326
00:24:05,462 --> 00:24:09,452
which says 'yes' to them,
to whatever demands
327
00:24:09,682 --> 00:24:13,532
they imagine, right, then
suddenly our debt is not a problem.
328
00:24:14,082 --> 00:24:16,229
They keep rolling it
over and rolling it over,
329
00:24:16,312 --> 00:24:17,429
and they will keep rolling it over.
330
00:24:17,512 --> 00:24:20,652
You see, debt is power. It's
got nothing to do with money.
331
00:24:29,122 --> 00:24:30,572
Unwelcome but expected,
332
00:24:30,952 --> 00:24:33,012
the Coronavirus has hit the UK.
333
00:24:33,412 --> 00:24:36,412
A SARS-like virus, which
has infected hundreds in China,
334
00:24:36,712 --> 00:24:38,252
has now reached the United States.
335
00:24:39,152 --> 00:24:41,799
The pandemic's
greatest lesson to all of us,
336
00:24:41,882 --> 00:24:43,372
both on the left and on the right,
337
00:24:44,732 --> 00:24:46,132
concerns the power of the state.
338
00:24:47,192 --> 00:24:52,012
For years, we lulled
ourselves into the belief that,
339
00:24:52,272 --> 00:24:54,812
governments cease to have any power.
340
00:24:55,792 --> 00:24:59,532
And the moment COVID-19
hits, suddenly we realise
341
00:25:00,432 --> 00:25:02,772
the immense power of the nation state.
342
00:25:03,392 --> 00:25:05,652
So, they, you know, they shut us indoors;
343
00:25:06,002 --> 00:25:07,172
they imposed the curfew;
344
00:25:07,722 --> 00:25:08,972
they closed down the economy;
345
00:25:09,482 --> 00:25:11,412
they replaced the labour markets;
346
00:25:12,162 --> 00:25:13,892
they renationalised everything
347
00:25:14,712 --> 00:25:18,772
and, suddenly, we had more or less
348
00:25:18,892 --> 00:25:22,869
a return to an absolute monarchy in terms
349
00:25:22,952 --> 00:25:24,652
of the power of the state to do stuff.
350
00:25:31,242 --> 00:25:35,572
Many claim that the
pandemic is a crisis of its own,
351
00:25:36,612 --> 00:25:37,972
a separate financial crisis.
352
00:25:38,892 --> 00:25:39,972
I do not share that view.
353
00:25:41,972 --> 00:25:44,612
I strongly believe that the great crisis
354
00:25:44,712 --> 00:25:48,052
of our times began in 2008
which, as I keep saying,
355
00:25:48,152 --> 00:25:50,212
was our generation's 1929,
356
00:25:52,152 --> 00:25:54,652
and that that crisis never went away.
357
00:25:55,392 --> 00:25:59,532
It migrated from one continent to the other
358
00:25:59,752 --> 00:26:01,192
while mutating during its migration.
359
00:26:01,312 --> 00:26:03,972
And 2008 was the moment
360
00:26:04,722 --> 00:26:07,772
when future historians
are going to mark the end,
361
00:26:08,432 --> 00:26:12,012
the official end, of what
we all knew as capitalism.
362
00:26:12,582 --> 00:26:14,952
Something else has emerged.
363
00:26:18,212 --> 00:26:22,629
For the first time, capitalism
no longer depended
364
00:26:22,712 --> 00:26:24,992
on capital accumulation, on profitability.
365
00:26:26,022 --> 00:26:28,512
Instead, the wealth creation process
366
00:26:29,372 --> 00:26:30,992
became utterly dependent
367
00:26:31,772 --> 00:26:34,032
on the money printing by central banks.
368
00:26:34,662 --> 00:26:38,112
This was then visited upon by the pandemic.
369
00:26:40,862 --> 00:26:42,129
Think about what the Bank of England,
370
00:26:42,212 --> 00:26:44,649
the European Central
Bank, the Federal Reserve,
371
00:26:44,732 --> 00:26:47,052
the Bank of Japan, of
Sweden, of Switzerland...
372
00:26:47,482 --> 00:26:48,892
what they did was more of the same.
373
00:26:49,722 --> 00:26:51,132
They printed even more money.
374
00:26:51,682 --> 00:26:54,212
They gave it to the same old defunct banks.
375
00:26:54,752 --> 00:26:55,969
The same banks gave it
376
00:26:56,052 --> 00:26:57,489
to the same large corporations like
377
00:26:57,572 --> 00:26:59,612
Google, Volkswagen and so on.
378
00:26:59,822 --> 00:27:01,729
Those corporations did not invest
379
00:27:01,812 --> 00:27:03,252
that money in good quality jobs
380
00:27:03,752 --> 00:27:06,172
or the green transition that humanity needs
381
00:27:06,552 --> 00:27:07,892
or health or anything like that.
382
00:27:08,122 --> 00:27:10,492
What they did is to go
to the Stock Exchange
383
00:27:10,712 --> 00:27:12,212
and buy back their own shares
384
00:27:12,752 --> 00:27:15,612
and, in so doing, pushing
up the financial markets
385
00:27:15,952 --> 00:27:17,812
so, you have this complete decoupling
386
00:27:18,232 --> 00:27:19,932
of the financial sector,
387
00:27:20,232 --> 00:27:22,732
of the financial sphere,
from the capital sphere.
388
00:27:27,482 --> 00:27:31,869
This realisation hit me
on the 12th of August
389
00:27:31,952 --> 00:27:36,092
of 2020, when I saw
what happened in London.
390
00:27:38,012 --> 00:27:39,932
A few minutes after nine
o'clock in the morning,
391
00:27:40,272 --> 00:27:41,332
you had the announcement
392
00:27:42,002 --> 00:27:44,412
that the British economy
suffered its greatest
393
00:27:44,932 --> 00:27:47,172
slump in the history of British capitalism.
394
00:27:47,402 --> 00:27:49,612
More than 20% of GDP had been lost
395
00:27:50,152 --> 00:27:51,212
during the lockdown.
396
00:27:52,432 --> 00:27:54,692
And some, like, 15... 16 minutes later,
397
00:27:56,672 --> 00:27:59,212
the London Stock Exchange went up...
398
00:28:00,522 --> 00:28:01,972
very significantly up.
399
00:28:03,072 --> 00:28:05,172
That has never happened before.
400
00:28:11,312 --> 00:28:12,372
To them it was good news.
401
00:28:13,282 --> 00:28:16,789
They heard that the GDP
of the United Kingdom fell
402
00:28:16,872 --> 00:28:18,132
by 20 something percent,
403
00:28:18,992 --> 00:28:20,769
and immediately they thought, "Excellent!
404
00:28:20,852 --> 00:28:24,209
Because this means that the
Bank of England are panicking
405
00:28:24,292 --> 00:28:26,809
so they'll put in more money
and they will give it to us
406
00:28:26,892 --> 00:28:29,412
and we'll take it to the Stock
Exchange and buy our own shares,
407
00:28:29,512 --> 00:28:30,539
and the shares will go up.
408
00:28:30,622 --> 00:28:32,852
Great. Let's buy some more. Good news!"
409
00:28:38,862 --> 00:28:41,199
We've won with the most votes ever cast
410
00:28:41,282 --> 00:28:44,332
on a presidential ticket
in the history of the nation:
411
00:28:45,122 --> 00:28:46,372
74 million!
412
00:28:49,642 --> 00:28:54,169
What I find mesmerisingly
interesting is that
413
00:28:54,252 --> 00:28:58,012
which is missing from Biden's New Deal.
414
00:29:00,152 --> 00:29:04,692
You will recall that the
original FDR New Deal in 1933
415
00:29:05,672 --> 00:29:07,052
had two main pillars.
416
00:29:08,192 --> 00:29:12,052
One was a large scale investment programme.
417
00:29:12,902 --> 00:29:16,532
Biden is emulating that.
The second pillar of FDR
418
00:29:17,312 --> 00:29:20,492
was institutional changes that amounted
419
00:29:20,712 --> 00:29:22,172
to a war against the bankers.
420
00:29:23,202 --> 00:29:26,172
That is completely absent
from Biden's agenda.
421
00:29:26,832 --> 00:29:30,812
So, when I am speaking of high finance
422
00:29:31,912 --> 00:29:34,892
as a harmful factor in recent years,
423
00:29:36,172 --> 00:29:39,852
I am speaking about the type
of individual who speculates
424
00:29:40,122 --> 00:29:41,692
with other people's money.
425
00:29:42,192 --> 00:29:45,612
And you in Chicago
know the kind I refer to.
426
00:29:49,962 --> 00:29:52,502
The lack of a clash
with the financial sector,
427
00:29:53,232 --> 00:29:54,512
which should have taken the form
428
00:29:54,842 --> 00:29:56,702
of demanding a write-off of debt;
429
00:29:57,522 --> 00:30:01,579
the lack of interest by the
Biden administration in doing that
430
00:30:01,662 --> 00:30:06,382
does not constitute the kind of shift,
431
00:30:07,602 --> 00:30:11,782
not just of income but also
of wealth creation sources,
432
00:30:12,442 --> 00:30:16,582
in order to stem the
increased chances of Trump
433
00:30:16,802 --> 00:30:20,222
or, somebody like Trump,
making a triumphant return.
434
00:30:22,082 --> 00:30:24,902
Our level of enthusiasm, the Trump...
435
00:30:25,222 --> 00:30:28,942
whatever the hell you want
to call us... the group, is way
436
00:30:29,322 --> 00:30:30,419
is off the charts.
437
00:30:30,502 --> 00:30:32,982
I believe it's the highest in
the history of elections. But...
438
00:30:35,572 --> 00:30:38,599
Because we had Trump before, it's so easy
439
00:30:38,682 --> 00:30:42,102
to become enthusiastic
about Biden without recognising
440
00:30:42,612 --> 00:30:43,822
what really needs to be done,
441
00:30:44,442 --> 00:30:46,782
and that Biden is not
interested in doing it
442
00:30:47,482 --> 00:30:50,942
at a global scale or even at
the level of the United States.
443
00:30:51,722 --> 00:30:55,539
To put it bluntly, we need
at least 10% of global GDP
444
00:30:55,622 --> 00:30:58,982
to be spent on the
green transition globally.
445
00:30:59,602 --> 00:31:02,742
If the United States doesn't
lead such a campaign
446
00:31:03,562 --> 00:31:07,092
for an international Green
New Deal, who will do it?
447
00:31:09,722 --> 00:31:11,149
Even if he takes all this money
448
00:31:11,232 --> 00:31:14,212
and spends it in electrifying
449
00:31:14,552 --> 00:31:18,292
the car industry and the road
system, which will be great,
450
00:31:19,272 --> 00:31:21,469
it will still be a case
451
00:31:21,552 --> 00:31:23,932
of rearranging the deck
chairs on the Titanic.
452
00:32:48,942 --> 00:32:51,572
Trump became President of the United States
453
00:32:52,042 --> 00:32:54,572
because there is a massive amount
454
00:32:55,972 --> 00:32:59,892
of pain in this country, which
is not seen on television,
455
00:33:00,222 --> 00:33:03,412
which many of my democratic
colleagues do not know
456
00:33:03,952 --> 00:33:05,092
and do not talk about.
457
00:33:05,792 --> 00:33:10,492
The life expectancy in the
United States of America
458
00:33:10,852 --> 00:33:13,172
has declined for the third straight year.
459
00:33:14,432 --> 00:33:17,972
You have demagogues who deal with that pain
460
00:33:18,152 --> 00:33:19,729
and say, "The problem is, is that
461
00:33:19,812 --> 00:33:22,372
Mexican immigrant
who's picking strawberries
462
00:33:22,592 --> 00:33:23,612
for $8 an hour."
463
00:33:23,912 --> 00:33:26,249
So, you take that anger and frustration
464
00:33:26,332 --> 00:33:27,612
and hurt that people are feeling
465
00:33:27,752 --> 00:33:29,269
and you turn them against people
466
00:33:29,352 --> 00:33:30,759
who are in worse shape than you are.
467
00:33:30,842 --> 00:33:34,889
Alright? And our job is to
bring our people together to say,
468
00:33:34,972 --> 00:33:38,769
"No. It is not some Mexican
picking strawberries for
469
00:33:38,852 --> 00:33:41,892
eight bucks an hour who is
our enemy. It is Wall Street.
470
00:33:42,152 --> 00:33:45,532
It is the fossil fuel industry.
It is the drug companies.
471
00:33:45,722 --> 00:33:47,052
It's the insurance companies.
472
00:33:47,162 --> 00:33:49,042
Let's stand together and
take those people on."
473
00:33:51,792 --> 00:33:53,489
In the previous sections we were talking
474
00:33:53,572 --> 00:33:54,612
about a Green New Deal.
475
00:33:55,112 --> 00:33:58,489
If we do not succeed in the
international Green New Deal,
476
00:33:58,572 --> 00:34:01,052
not an American one,
not a North American one,
477
00:34:01,272 --> 00:34:05,209
not a white one, not a European
Atlanticist Green New Deal,
478
00:34:05,292 --> 00:34:09,569
but an international New
Deal, ruin without end is going
479
00:34:09,652 --> 00:34:13,412
to loom black across our
lands, our rivers, our mountains.
480
00:34:13,672 --> 00:34:15,892
We are now going to issue an open call
481
00:34:15,992 --> 00:34:17,532
to all progressives in the world.
482
00:34:17,952 --> 00:34:19,052
It is time to unite.
483
00:34:20,082 --> 00:34:21,779
It is our historic duty to do it
484
00:34:21,862 --> 00:34:24,822
because if you think about it, the bankers
485
00:34:26,082 --> 00:34:28,132
have formed a bankers' international.
486
00:34:28,402 --> 00:34:30,932
When I was talking to the creditors,
487
00:34:33,152 --> 00:34:36,412
the lack of racism, the solidarity,
488
00:34:38,072 --> 00:34:42,212
the coalescence between
them was very impressive.
489
00:34:43,482 --> 00:34:48,012
They were Austrian, Dutch, Irish, Spanish,
490
00:34:48,822 --> 00:34:52,332
Portuguese, Greek, and they worked as one.
491
00:34:54,312 --> 00:34:57,292
The fascists are forming a fascist
492
00:34:57,892 --> 00:35:01,172
nationalist international.
Donald Trump, Matteo Salvini,
493
00:35:01,792 --> 00:35:03,532
Marine Le Pen, Boris Johnson,
494
00:35:04,242 --> 00:35:08,372
Modi showed a remarkable
capacity to organise,
495
00:35:09,112 --> 00:35:11,612
and we are failing left, right, and centre.
496
00:35:12,112 --> 00:35:14,972
The only people who have
not tried to combine and
497
00:35:15,352 --> 00:35:18,449
go along with the internationalism
498
00:35:18,532 --> 00:35:21,772
which is innate in their
ideology, is the progressives.
499
00:35:21,992 --> 00:35:23,532
It is high time that the
500
00:35:23,652 --> 00:35:25,092
Progressive International is formed.
501
00:35:31,852 --> 00:35:32,852
Together,
502
00:35:33,782 --> 00:35:34,782
we are here.
503
00:35:36,562 --> 00:35:39,412
Friends, comrades,
fellow internationalists,
504
00:35:39,852 --> 00:35:41,332
wherever you are on this planet,
505
00:35:41,842 --> 00:35:43,389
welcome to this inaugural
506
00:35:43,472 --> 00:35:46,852
and historic summit of the
Progressive International.
507
00:35:47,912 --> 00:35:52,052
The progressive International
has a crucial role to play
508
00:35:52,752 --> 00:35:56,852
in determining which
course history will follow.
509
00:35:57,882 --> 00:35:59,932
With the fate of the human experiment
510
00:36:00,622 --> 00:36:02,532
quite literally at stake.
511
00:36:03,212 --> 00:36:05,009
I think this pandemic that we are going
512
00:36:05,092 --> 00:36:08,572
to talk about here also
today shows us that there is so
513
00:36:09,282 --> 00:36:12,892
much need for greater
international collaboration
514
00:36:13,022 --> 00:36:14,532
among progressive forces.
515
00:36:15,112 --> 00:36:19,092
We have to fight the
old order in all its forms
516
00:36:19,762 --> 00:36:22,132
with every breath in our bodies.
517
00:36:22,642 --> 00:36:25,449
Part of the neo-fascist
movements in the world
518
00:36:25,532 --> 00:36:27,509
have to do with people's contempt
519
00:36:27,592 --> 00:36:30,612
for neoliberal elites who lied to them,
520
00:36:31,562 --> 00:36:33,492
that told them they stand for justice
521
00:36:33,992 --> 00:36:35,772
and invoked Martin Luther King Jr.,
522
00:36:36,112 --> 00:36:38,972
and ended up hanging
out with Wall Street folk,
523
00:36:39,322 --> 00:36:40,612
with war profiteers.
524
00:36:41,162 --> 00:36:45,372
What we are witnessing today is effectively
525
00:36:45,972 --> 00:36:47,572
a wall against democracy.
526
00:36:48,082 --> 00:36:50,252
What is it that makes
527
00:36:51,022 --> 00:36:53,252
human beings so obedient?
528
00:36:53,582 --> 00:36:55,709
Let's not make them same mistakes over
529
00:36:55,792 --> 00:36:57,009
and over again. Thank you
530
00:36:57,092 --> 00:36:58,332
very much for this opportunity.
531
00:37:04,152 --> 00:37:06,412
And we must really protect
the women's struggle from
532
00:37:06,562 --> 00:37:09,892
co-optation by the state and
co-optation from capitalism.
533
00:37:15,262 --> 00:37:16,849
I hope at the end of this summit
534
00:37:16,932 --> 00:37:20,572
we will all remember
that being a progressive,
535
00:37:21,152 --> 00:37:25,332
in its very essence, is to
choose to trust in humankind.
536
00:37:25,712 --> 00:37:28,652
It is simply not enough to act locally.
537
00:37:29,592 --> 00:37:31,329
It is essential. It is necessary
538
00:37:31,412 --> 00:37:33,132
to act locally, but it is not enough.
539
00:37:33,312 --> 00:37:35,172
You need to act globally as well.
540
00:37:35,432 --> 00:37:37,979
The climate challenge is not leaving us.
541
00:37:38,062 --> 00:37:39,969
It'll be right where we
left it, really, when the
542
00:37:40,052 --> 00:37:41,452
Coronavirus entered our lives,
543
00:37:42,352 --> 00:37:47,212
and I am very worried that
this will become a less priority
544
00:37:47,502 --> 00:37:48,572
after the epidemic.
545
00:37:51,312 --> 00:37:54,732
We need a global project
to stop climate change
546
00:37:55,992 --> 00:37:58,332
and to reverse the disaster
547
00:37:58,642 --> 00:38:00,932
that humanity has
inflicted upon the planet.
548
00:38:06,772 --> 00:38:10,649
In the same way that climate
change cannot be dealt with
549
00:38:10,732 --> 00:38:13,269
by the Brits, by the
Greeks, by the Americans,
550
00:38:13,352 --> 00:38:17,232
by the Chinese alone,
551
00:38:18,732 --> 00:38:22,112
poverty around the
globe cannot be dealt with
552
00:38:22,212 --> 00:38:24,152
just by one country, one jurisdiction.
553
00:38:25,022 --> 00:38:28,912
Similarly with banking.
There is no way you can
554
00:38:30,172 --> 00:38:34,689
do away with the oxygen-sapping effect
555
00:38:34,772 --> 00:38:39,252
of the City of London without
dealing with the banking
556
00:38:39,832 --> 00:38:41,609
crisis internationally,
557
00:38:41,692 --> 00:38:45,852
without putting the financial
genie in a bottle globally.
558
00:38:46,322 --> 00:38:47,409
There is no way we can deal with
559
00:38:47,492 --> 00:38:49,729
public debt in one country if we don't deal
560
00:38:49,812 --> 00:38:51,852
with public debt more globally.
561
00:38:54,282 --> 00:38:56,732
Once you realise that, you've got
562
00:38:56,872 --> 00:38:58,652
to answer a very simple question.
563
00:38:59,752 --> 00:39:01,649
Are you going to let the Davos globalists
564
00:39:01,732 --> 00:39:03,132
run the world,
565
00:39:04,342 --> 00:39:07,242
or are you going to create
democratic institutions
566
00:39:07,502 --> 00:39:09,562
and international distributions that are
567
00:39:10,642 --> 00:39:13,242
scrutinised democratically
by the peoples of the planet
568
00:39:14,222 --> 00:39:17,519
in order to provide the global leadership,
569
00:39:17,602 --> 00:39:21,162
which is essential for the
perpetuation of the human race?
570
00:39:21,432 --> 00:39:24,309
This is the dilemma we're facing.
571
00:39:24,392 --> 00:39:25,442
There's no third option.
572
00:39:31,062 --> 00:39:34,442
The idea of imposing limits
573
00:39:34,662 --> 00:39:37,899
and caps on resource use in order
574
00:39:37,982 --> 00:39:39,182
to stop destroying the planet;
575
00:39:40,022 --> 00:39:43,959
the idea of redistributing
income from the global north
576
00:39:44,042 --> 00:39:47,522
to the global south as
part of the process of
577
00:39:48,402 --> 00:39:49,402
a green transition;
578
00:39:49,942 --> 00:39:53,939
the idea of a monetary
system that is designed for
579
00:39:54,022 --> 00:39:55,402
the many, not for the few;
580
00:39:56,412 --> 00:40:01,039
these ideas are
prerequisites for the survival
581
00:40:01,122 --> 00:40:04,722
of the human race. And
they'd better be implemented,
582
00:40:05,772 --> 00:40:08,859
honed, developed by a majority of
583
00:40:08,942 --> 00:40:10,762
people in a majority of countries.
584
00:42:52,602 --> 00:42:56,532
Many friends and foes say to me that,
585
00:42:56,802 --> 00:42:58,092
"Your project is utopian.
586
00:42:58,632 --> 00:43:02,412
It won't work." Well, be that as it may,
587
00:43:03,072 --> 00:43:07,802
what should we do? Just
be bystanders watching
588
00:43:08,582 --> 00:43:10,242
the steady decline
589
00:43:10,542 --> 00:43:14,619
and degeneration of
our societies, our polities,
590
00:43:14,702 --> 00:43:19,359
our communities? Or fight
for that which, whether you win
591
00:43:19,442 --> 00:43:23,962
or not, can sow the seeds
of the next rennaissance.
44986
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