-
Not Synced
The reason why your social services
are diminishing and so on
-
Not Synced
is this process of austerity for the many
-
Not Synced
and socialism in inverted commas
for the very few.
-
Not Synced
They printed 6 trillion euros
to give to the bankers.
-
Not Synced
The bankers gave it to the big buisiness,
who did not invest it.
-
Not Synced
Why did they not invest it?
Because they looked at all of us,
-
Not Synced
around Europe, and said
'ah, these people don't have money'.
-
Not Synced
As if we're going to invest in products
that these people can't afford.
-
Not Synced
So what did they do
with this 6 trillion euros?
-
Not Synced
They went to the stock exchange
and bought their own shares.
-
Not Synced
Their shares went up,
they didn't invest anything.
-
Not Synced
And you know what? Guess what?
-
Not Synced
Europe for 15 years has not invested.
-
Not Synced
In anything.
Zero net investment in Europe.
-
Not Synced
This has never happened
in the history of the universe,
-
Not Synced
not the world.
-
Not Synced
To have such a rich continent,
-
Not Synced
with all these savings and money
-
Not Synced
and profits, and real estate,
not investing.
-
Not Synced
But the Chinese
and the Americans invested.
-
Not Synced
In green technologies,
in what I call cloud capital,
-
Not Synced
algorithms, AI and all that.
-
Not Synced
And you know what?
We've become the stupid continent.
-
Not Synced
We missed out on one
whole technological revolution
-
Not Synced
after all these 15 years, a steady process
of secular stagnation.
-
Not Synced
This is not a crisis
that will go down and then will go up.
-
Not Synced
For the next 50 years we are condemned
to stagnate as a continent.
-
Not Synced
When a continent like Europe,
-
Not Synced
which is so powerful and so rich,
stagnates,
-
Not Synced
what happens is
the politics starts fragmenting.
-
Not Synced
So the reason why we are so complacent,
-
Not Synced
the reason why the far right
is rising everywhere, universally...
-
Not Synced
The left, the center left,
was purging itself
-
Not Synced
trying to adapt to the center, which
was shifting increasingly to the right,
-
Not Synced
being pushed by those who genuinely
looked at people in the eye and said:
-
Not Synced
'I feel your pain'.
-
Not Synced
'I feel your pain,
you've never had it so bad'.
-
Not Synced
'Your children are going to have
a far worse life than you did'.
-
Not Synced
'I feel your pain, give me the power
and I'll make you great again'.
-
Not Synced
And those were the fascists back then
and they are the fascists today.
-
Not Synced
In this context, a Europe
that is politically fragmented,
-
Not Synced
it is becoming a vassal
of the powers that be.
-
Not Synced
In this case, W DC cannot do anything
to oppose the never ending war in Ukraine,
-
Not Synced
cannot do anything to oppose
its own secular stagnation
-
Not Synced
and when Netanyahu...
