What Are The Prospects for World Revolution? | RCP Summer Camp 2026
Watch on YouTubeVideo summary
The video begins by invoking Karl Marx and Friedrich Engels' *Communist Manifesto* to frame the current global situation as one where modern bourgeois society, having conjured gigantic means of production, has lost control over its own powers like a sorcerer unable to command the netherworld. Despite massive technological advances that should have created abundance, capitalism has instead generated profound contradictions and intensified worldwide struggles for resources rather than fostering cooperation. This crisis is exemplified by the recent conflict between the US and Iran; what was intended as a quick victory through shock tactics ultimately exposed the decline of American imperialism. The war drained the US arsenal, failed to topple the Iranian regime despite killing top leadership, and resulted in severe economic repercussions for the West, including skyrocketing oil prices once strategic buffers were exhausted.
The transcript details how this geopolitical instability has severely impacted Europe, particularly Germany, which is now facing a deepening crisis of competitiveness and bankruptcy. The speaker argues that European capitalism was previously propped up by cheap Russian energy and US military subsidies but has collapsed as these supports have been withdrawn under the Trump administration's policies. Data from wealth reports reveals significant declines in median household wealth across major EU nations compared to Russia, while industrial sectors like steel, chemicals, and automotive manufacturing are losing ground to Chinese competition due to fragmentation within Europe. Unlike China, which can centrally plan massive infrastructure projects, European states cannot coordinate effectively on a continental scale, leading to the failure of many "giga-factory" initiatives and leaving industries too specialized in outdated technologies like diesel engines rather than adapting to new realities such as electric vehicles.
This economic decay has fueled widespread social unrest and class anger across the globe, from student strikes against conscription in Germany to general strikes over Palestine in Italy. The ruling classes' attempts to deflect attention through wars or scapegoating have only deepened public distrust of institutions, revealing a system where corruption is seen as normal rather than exceptional. In the United States, this has manifested in a growing hostility toward billionaires and an awakening class consciousness among young people who view socialism not with fear but as a necessary alternative to their dire living conditions. The speaker notes that even within Trump's own political coalition, cracks are appearing along these same class lines, suggesting that the ruling elite is sitting on a volcano of potential revolutionary change because they no longer control the narrative or can suppress the rising tide of popular discontent.
Ultimately, the video concludes that revolution is not merely an economic calculation but a movement driven by humanity's demand for dignity and freedom against dehumanizing conditions. The desperation faced by ordinary people—those forced to sell their blood for groceries or working in broken schools while billions fund arms manufacturers—is creating a collective strength that refuses to accept the status quo. As consciousness shifts rapidly across capitalist nations, the ruling class realizes they are losing control of the historical process, leading them to hysterically attack communism and revive Cold War rhetoric rather than addressing real issues like inflation and inequality. The speaker emphasizes that this moment represents a critical turning point where the working class is moving from passive acceptance to active resistance, demanding not just better wages but a fundamental transformation of society into one based on equality and human worth.
Read the full video transcript
So I would actually like to start off
with going back to the classics and
what's of course more classic than the
communist manifesto. Um I'd like to just
quote one quote that like stuck with me
and that is you know and I quote him
modern bourgeoa society with it
relations of production of exchange and
of property. A society that has conjured
up such gigantic means of production and
of exchange is like the sorcerer who is
no longer able to control the powers of
the netherworld whom he had called upon
his spells. Now, I recently reread this
and I am always and you hear this all
the time, but you're always just
astonished by how true this is today and
of course every day cuz our
grandparents, you know, when you think
about it, they could not imagine the
world that we are, you know, living
through right now as as kids, right? You
know, we made huge advances and it
hasn't actually created abundance,
right? It has actually created gigantic
contradictions. Instead of global
cooperation, you know, which these
productive forces demand, we have more
intense worldwide struggle over regions,
over resources and over strategic
waterways, right? And it was pointed out
already by Marks and Engles that yes, it
is like the sorcerers that have lost
control over the entire uh world
situation. It all got out of their
control and it has actually come back to
bite them. And fundamentally as
explained in the communist manifesto as
well, we know that the main fatters uh
are private property and the nation
state, right? And as long as that
exists, whatever the bourgeoa will try
and do to climb out of any crisis, all
it does is only pave the way further
down deeper into an even deeper crisis.
And this is where we are now. And this
is where we are today. You know, about a
month later after the signing of the
memorandum of understanding that
seemingly ended the war between the US
and Iran, the war has actually started
once again. The war, you know,
ultimately has exposed US imperialism uh
in decline. It illustrates this process
perfectly. Trump launched this war again
believing that this was going to be an
easy, you know, quick war and a victory
after, you know, their success in, you
know, what happened to Venezuela. And
all that was necessary was basically
just to shock and all to intimidate uh
to basically intervene, kill the supreme
leader and a new leader would just
immediately capitulate. Now this is the
psychology of the US ruling class you
know accustomed to always get in its way
and the whole world situation today can
only be understood by how the crisis of
of capitalism has exacerbated the
accelerating relative decline of US
imperialism which has lost its position
as the unchallenged world hegamon
actually is the contrary right now US
imperialism is being challenged
challenged right now in multiple parts
of the
And that is basically leading and by you
know different regional powers basically
rising now and that's leading to not
just a scramble for political control
but also the fragmentation of the world
market. However, just because this is a
fact doesn't mean necessarily that the
American ruling class accepts this fact
uh or even understands it. they are
living completely in the past and the
the idea that the US may have to you
know uh you know can't just get away
anymore with bullying and might have to
retreat or uh or even negotiate that
doesn't fit in with the worldview that
they have uh uh right now and you know
that there is no limit basically to US
power but they have enormously
miscalculated with Iran because what
have the Americans and actually Israel
who is of of course involved in this
actually achieved they have killed
Ayatollah and much of the top
leadership, but they completely failed
to actually bring down the regime. And
in fact, Iran has now come out of this
even stronger uh than it was before.
Meanwhile, the Americans have completely
drained their arsenal of weapons.
According to the New York Times, they
used more than half of their DHA like
missiles, stat missiles, and Patriot
missiles. And they used 10 times more
tomahawks than they buy uh in a year.
And interestingly, of course, about the
ceasefire agreement was something that
wasn't even a question right before the
war even started, which is control over
the straight of Hormuz.
And Iran has full control over this now.
And and the Americans can't do anything
about it. Literally nothing. And part of
the ceasefire agreement was also because
the West started to run dangerously low
on oil reserves as well. Trump actually
himself admitted this in France where he
said that they only had about four weeks
left of oil reserves and also US vice
president uh Gay Fans also confirmed
this when speaking to an interviewer
where he said and I quote him he said I
think what the president wants to do is
to use thisou to sort of refill the
world's oil economy refill some stocks
and then see where they end up and then
he added saying well the US can now at
least bank our wins and then said well
to do things on on top of that if the
president feels like we have to do that.
So [clears throat] now the war has of
course restarted again and this will be
catastrophic for the west. The FT
actually also commented saying how uh
when the war initially started with
Iran, at least they had stockpiles,
right, that helped to afford a wider um
economic crisis. And I quote where they
said during the 4 month closure before
last month's US Iran agreement to reopen
the strait. Governments in the Western
Asia pulled almost every level available
to them to ensure that the supply crunch
did not undermine the world's economy.
But now a trader has said, "But we've
burned through all of the buffers we
had. Everything. All of it is now gone."
An FD added saying, "Well, oil prices
fell sharply after the ceasefire was
first announced, dropping from about
$100 a barrel to just over 70. But in a
sign of traders renewed anxiety, prices
surged above $87 like last week at the
highest level in more than a month. But
this has actually interestingly put also
the big oil companies on a collision
course with Trump because the companies
right now are making record profits. The
world's top 100 oil and gas companies
were banking more than $30 million
every single hour during the first month
of the Iran war. Of course, Trump, who
feels the political heat at home, said
um he said basically, well, he has
instructed the Department of Justice to
investigate the oil firms who he accuses
of price gouching, which is obviously
not going to do much. The FD itself also
said, well, at the end of the day, if he
really wants to make America more
affordable, what the best thing he can
do is to stop the conflict. However,
it's very hard, you know, to also speak
about this ongoing wars. Of course, with
recent updates is that the Hitittes have
now also uh shot down uh the the B
alandad strait which is basically to
shut down another route, the Red Sea
route. And this is going to only further
the crisis even more in Southeast Asia
and Europe and could send oil prices
even more skyrocketing than the figures
I've already mentioned. And so, the
Trump administration will be enormously
desperate. uh they will either the
options are really either to surrender
or maybe even something more desperate
which is a land invasion right however
the problem that America finds itself in
is not like it can't admit defeat
something this this is something that
Trump simply cannot afford the ceasefire
agreement it doesn't even matter whether
it's now broken or or not or whether you
know whatever way Trump wants to sort of
like package this up it has a profound
consequence globally
US imperialism has been exposed on a on
a global scale and alongside being
humiliated the Americans could actually
lose many of their allies in that region
as well. Instead of being able to shield
the allies in the Gulf countries the
presence of American bases have also
draw in Iranian retaliation against the
Gulf states like UAE, Saudi Arabia, uh
Bahrain and Qatar. But the economic
model of those countries are safe havens
for investments, for tourism, for
travel. Uh and that has been completely
trashed. In fact, Chinese and Russian uh
um the Chinese and Russians are
basically already trying to approach
those countries and are basically
offering a new security architecture
where they are saying we'll come to an
agreement with Iran under the protection
of China uh and Russia in which the
United States is excluded. And that
means basically closing off US bases uh
in in the region. But more than that, US
imperialism is continuing to bully and
to intimidate especially in the western
hemisphere. And previously masses may
have of course accepted this you know
fatalistically who can possibly defeat
you know the the concentrated might of
US imperialism. Well now it has actually
been done. And so in the grand scheme of
things, this defeat will be seen as a
key turning point in the decline of US
imperialism.
But let's not forget something else.
Sorry, I need to speak up. But let's not
forget something else. Since this war
began, uh the Americans have been
enraged by their what they perceived as
well as a as a lack of European support,
right, in in this uh in this war. and
they have actually downgraded their
military um presence on the continent
and that has been again another nail in
the coffin for this idea of a collective
west. Right. So I've got some figures
from the FT article on how much yeah
Trump wants to cut down. It's it's quite
a lot. So he wants to cut down one of
the two US aircraft carriers uh strike
groups at present basically assigned to
NATO all submarines capable of launching
cruise missiles such as tomahawks. He
wants to reduce the submarine tracking
aircrafts. He wants to cut the uh aerial
refueling aircrafts from 79 to 63 and
also reduce the number of F-16s and
F-15s uh fighter jets from 153 to 99.
And this is on top of already taking out
8,000 German troops uh or troops from
German bases.
But this relationship between the US and
Europe started to break down already
since you know Trump's first year of his
presidency when he made the EU as well
pay for the Ukraine war. Now look at how
the United States is treating Europe,
right? It isn't treating European
countries as genuine allies anymore, but
neither is it really treating them as
outright enemies. It's treating them
like vessels, almost almost like slaves.
Like there there's a funny comment as
well by a Belgian PM who said something
like, "Well, it's better to be a happy
vessel than a miserable slave."
[laughter]
And the the message is basically by by
Trump is well, if we need military
support, you come and you help us. you
buy our weapons and our gas. If not,
we're going to withdraw our protection
and we won't provide weapons anymore for
Ukraine. Um, basically, if you want to
buy weapons, then you pay for them uh
yourself. So, America isn't completely
abandoning Europe, but it's more like
squeezing it. It's squeezing it very
tight. And that reflects you know a
broader shift. You know after the second
world war Europe was actually rebuilt
right under American leadership as the
capitalist front line against the Soviet
Union. And in the past US military uh
support allowed the Europeans basically
to save on military spending to actually
reinvest and to become more competitive
basically on a world scale. But now 90%
of the costs for the Ukraine war are
being paid for by the EU. and the UK
Ukraine war again it was the west it was
the Americans and Europe thinking that
this would be an amazing chance to just
go in get putting out you know win this
war against Russia however Russia
survived and in fact it it has become
again also stronger of the back of this
which I will come on to later but Russia
has won the war and no matter what you
know whatever way they want to try and
tell us in the media that is uh that is
not true but significantly as well what
has this war actually revealed right it
has exposed the weakness of not just the
US but particularly of Europe. It has
completely fractured the west of you
know far from actually isolating Russia.
It has brought out all of the
differences you know on this on this uh
on all of these questions between the
west and between western countries. And
that is also the key factor of the
decline of of European capitalism
because fundamentally I would say it
comes down to two things that reflect uh
this crisis basically of of Europe. One
is that all this time it was basically
masked by cheap Russian gas which now
the Ukraine war has basically been
pulled that that fuel away but also the
US subsidized the defense of Europe's
imperialist interest. But now that that
has also been pulled away by Trump, what
do you have? You have now industries in
Europe that are completely done for. The
whole continent is completely bankrupt.
But the closure of this trade of Hermuse
is especially harmful therefore for
European uh economies. Europe imports
about 90% of gas and oil. And so the
increase in oil prices will also feed in
directly to the cost of living. Global
inflation stands now at 4.7%
which is 0.5%
higher compared to last year. And so a
prolonged disruption of energy markets
will only intensify that pressure which
is yet another blow to an already very
weakened European economy.
But again, this also may be a gross
underestimation considering the update
with the with the Houthi. So it could be
even worse at this point. But let's also
look at the actual figures of how the
Europeans are doing because I looked
into the UBS wealth report that was
published this year covering the period
between 2020 to 2025. So essentially
since co and yeah the Ukraine war and so
on and they calculated the median wealth
per adult which is a much better measure
I would say of how ordinary people are
doing as of course if you just look at
the average whilst the risks are getting
richer then obviously the average will
go up. So this should give a bit more of
an accurate picture and a report
actually shows that the Russian medium
wealth has increased by 10%. Meanwhile,
Spain, Portugal, Ireland, Poland,
France, Switzerland, Greece, they're all
sit between - 10% to minus 20 uh 20%.
Germany stands at - 19% and the UK even
lower at minus 22%. So of course this
isn't entirely surprising knowing with
the rise of cost of living and energy
cost and so on the Ukraine war but I
would say there is something much more
deeper going on uh that we can explain.
So Europe has ceased to be competitive.
Out of the 18 key sectors, apparently
the only ones where Europeans remain
competitive are aerospace and defense in
automoils, in steel, in chemicals, not
to mention tech, software, AI. These are
all falling behind Chinese and American
uh competition. And since 2008, steel
production in the EU has fallen by 30%.
And since the pandemic, minerals are
down 11%, metals 12, chemicals 14,
automoils 14, and at the same time, debt
is ballooning across the EU. The IMF
actually predicts that if nothing were
to change, European debt will double
over the next 15 years. And even under a
program of massive austerity, it would
still increase by 50%. So Europe is
entering a profound crisis of uh of
competitiveness and inevitably the
roning class will try to make the
working class pay uh for the price of
restoring European industry. But the
most important country I would say that
is sort of important to zoom in on is of
course Germany. German capitalism was
long the heart of European capitalism
and has been in crisis for years now.
Since COVID especially, the economy has
basically largely been stagnant and
there's been a real sense uh of panic
spreading basically amongst
manufacturer. Layoffs are rolling
through towns and villages that have no
living memory of industrial decline. And
uh the figures are honestly staggering.
According to a May report by EY, German
industry is losing more than 10,000 jobs
every month and industrial output has
declined by around 10% between February
2022 and early 2026 with energy
intensive sectors falling by more than
15%. And for the first time in decades,
Germany now actually imports more
advanced capital goods from China than
it exports there. And so its trade
balance in in capital goods has shifted
from a surplus of roughly€700 million
euros um to now a deficit of 500 million
e between uh mid 2024 to August 2025 and
at the same time Chinese goods has you
know exports to to Germany has actually
risen by 17% and for the whole European
continent it has also increased by 16%.
Now this is an extraordinary rapid shift
I would say um by you know and and it's
sort of worth asking why has China been
able to overtake uh Germany kind of so
quickly and and seemingly so easily.
Well, there's one uh case study that I
think illustrates this really well.
There's an article published by uh by
the economist last November that tells
the story of Chongshin Island in in
China. So this island just 20 years ago
it was mostly farmland just fishing
villages and so on but today it is home
to one of the world's largest chemical
plants and has become a crucial part of
the global polyester supply chain
supplying producing PTA. So the Chinese
government actually designated Chongqing
as a strategic industrial zone. It has
built the entire infrastructure,
provided financing incentives, even
establishing colleges, carrying out
research to make the make it even more
efficient. Um, and they built ports and
basically put the entire infrastructure
in place. After billions in investments,
Tangin Island became the world's leaders
PTA uh uh producer. So, China moved from
relying on imports to producing about
like 60% or more than 60% of the global
supply while economies in Europe, in
Japan and Canada have basically
struggled to compete. Now what makes
this story also so interesting is that
the Chinese state drawing on the legacy
right of the plant economy possesses the
capacity to direct capital in in this
bonapartis fashion and developed
industries according to a certain plan
and this is this is I would say the key
fatter that Europe faces which is the
fatter of the nation state. There are 27
nations, 27 ruling classes, 27 armies,
all competing interest. Developing
entirely new industries on a continental
scale simply becomes immensely difficult
and many major projects have there
fulfilled. Something like 10 out of 12
attempts to create an European giga
factory. Uh kind of like Thank you. um
kind of like uh how do I say like sort
of massive battery factories. they have
outfield like Northfield and Britfield
are sort of examples of this and these
are enormous investments right that
require the centralization of finance of
energy of scientific research of labor
uh of transport and in Europe those
elements remain fragmented instead of
being coordinated right so meanwhile
when a manufacturer for example in
Eastern Europe or in South America wants
to build a new factory today they can
increasingly actually buy an entire
ecosystem, injection machines, robotic
arms, uh dryers, cloud management
software directly from a single single
integrated Chinese supplier. And so, so
there's a quote from the center of
European reform, which is a Londonbased
uh think tank and they bluntly said in a
recent report, China has already eaten
much of Germans industry lunch and is
now preparing to start on dinner.
But I want to explain also another key
fundamental point uh about the European
crisis with an example of the German car
industry. So it is facing the biggest
crisis in history. Since 2019 around
125,000 jobs have disappeared but the
industry is crucial to Europe. It
generates just over 1 trillion uh added
lat trillion dollars in added value,
roughly 6% of the European economy uh
and and employs basically 40 million
workers which is also about 6% of the
continent's workforce and historically
German manufacturers built an enormous
competitive advantage around diesel
engines and for decades they have made
huge profits off the back of this
expertise. But dialectically however I
would say this is precisely this
strength that have left them now
fernable when the technological basis
for industry also began to change. So
while German firms continued refining
diesel technology Chinese companies
invested heavily in electric vehicles
and battery production and um I'd like
to compare that actually to evolution.
So there is a there is a passage from uh
from Gordon Child's uh book man makes
himself where he describes how animals
when they become basically too
specialized is actually not very good
once the environment changes. So he
writes and I quote him it's a little bit
of a long quote but not too not too bad.
Um so he says to these conditions to
this environment the reptiles were
successfully adapted. The same
environment lasted for a time so long
that estimates in years have no meaning.
But eventually the areas underwater
became more restricted. The climate grew
drier and colder and new genera and
species emerged. Comparatively a few a
few of the reptiles succeeded in
surviving in the new environment. They
could not adjust themselves to the
changed conditions and perished. And
when the old Jurassic environment
passed, the very qualities which had
assured their success and constituted
their fitness proved a handicap. They
were too much specialized, too closely
adapted for living under one limited set
of conditions. And with the passing of
those conditions, they succumbed. In the
long run too, excessive specialization
is biologically disadvantaged.
its ultimate its ultimate result is not
survival, not increase in numbers but
extinction or stagnation.
Now that's essentially what I think that
Europe is going through. Capital
continued to flow into perfecting diesel
engines because that was where the
profits already existed, right? Rather
than using those profits to prepare for
the next technological leap, uh
manufacturers actually doubled down on
on the old one, even promoting diesel
engines on some point as a green
alternative. And [laughter]
if you remember and the same pattern has
been seen beyond cars, right? In AI, in
chip making, in other like emerging
industries, Europe became increasingly
specialized in the industries of the
previous era instead of adapting to the
new uh economic landscape and the EU
capitalists themselves, they were ob
obviously just after easy big profits,
right? And lift of them as parasites.
They didn't invest any of this money and
now therefore they've become too small
small capitalist who stand alone who
cannot compete on a world stage and that
is like an evolutionary path reaching
its limits. The very strength that once
made European industry dominant have
under changed conditions became their
greatest weakness.
And this by the way is the whole
backdrop under which muds and Germany
right now are pushing for conscription.
Right? And this is all you know about
protecting Eastern Europe for their
imperialist gains as it's economically
very important for Germany and so on.
And they are worried you know that
Russia will attempt to displace Germany
um and the EU you know as it sort of is
their traditional sphere of influence in
Eastern Europe and talk about Ukraine
and the threat of Russia. However, this
is not anywhere near the actual interest
of the German working class because what
did we see when Ger in Germany when MS
announced conscription, right? We saw
50,000 school kids coming out to strike
in over 140 German cities on the 5th of
March. And their slogan, it was the rich
want war and young people want a future.
That was the central slogan of of the of
the demonstrations. And workers are
being told that they of course must
accept the cuts. austerity, higher
military spending and eventually even
conscription, increasing numbers of
workers and young people understand
instinctively right that this is not
their war at all. Nor is it being fought
in their interest. But most of the
slogans therefore were also directed at
that you know against the capitalist
class. One student uh told German news
channel saying well we sit in broken
schools with too few teachers while
billions flow to round metal and co
which is a German uh arms manufacturer.
And another student also said, well, for
the price of one tank, you could pay
over 100 teachers a year. That is real,
you know, class expression and class
anger. And across Europe, class anger is
unfolding on like all sorts of, you
know, problems are raised. Austerity,
corruption, wages and and so on, you
know, from Albania to to Belgium to
Greece, France, Spain, everywhere we saw
mass movements breaking out in this year
alone. and the uprising of the students
also in Serbia for example with the the
block everything movement was also uh
enormously significant right it's the
it's the strong anti-establishment tone
that these demonstrations take that is
very telling and it is very interesting
to see again how once again and always
the youth and the students are basically
at the forefront of these things as as
we've also of course seen now today in
in in India and so on but of course
everywhere as well and we shouldn't
forget that we saw mass has massive
demonstrations for Palestine uh and for
the Palestine uh cause, right?
Denouncing their own presidents and
prime ministers as war criminals, you
know, resenting the fact that their
money is being spent on genocide rather
than uh education or healthcare. And the
most unprecedented event in Europe will
have to be the two general strikes in
Italy for Palestine. Right? two general
strikes over a political question in
which the workers shut down society with
virtually no leadership from their
unions. That is insane. That is
remarkable. And what did people also
this is this is the important point,
right? What did people say after the
election of Maloney? They said that
there's been a massive shift to the
right in society uh in Italian society.
But people of course they voted for the
far right because all the other parties
left and right and center had
discredited themselves in that
government where they carried out
vicious austerity on on the working
class. And you can say the same thing
about the US right about Trump. Many on
the left presented Trump's election as
evidence of a decisive shift to the
right among the work American work uh
working class. But we explained as well
from the beginning that there was a
healthy class instinct um basically yeah
within uh within American society and of
course like it was it was disorted
distorted expression of class an anger
and that's certainly the case but
without any general working-class
alternative where was the anger supposed
to go how was it supposed to be
expressed we also said that the very
contradictions in which you know which
carry Trump to power would eventually
also produce its opposite. You know, the
disappointment would not just end in
pacivity. Um, and actually it would
prepare for an explosive movement to to
the left. And that's basically what what
we're already seeing and that's sort of
underway. And actually, you could also
see it with ex extraordinary public
reaction to the killing of the United
Health Care CEO. Right across the
political spectrum, millions expressed
sympathy for the attacker Luigi Manion,
you know, allegedly. But Republican
voters themselves were posting online,
this isn't about the left versus right,
it's about those at the top against the
rest of us. And that's an astonishing
shift, right? The the the language of
class buried for decades, by the way, in
American politics is beginning to
reemerge in in in a sponta, you know,
basically spontaneously from below. And
since then, I'd say the mood has only
more and more intensified. And there is
a feeling that American society is
basically sitting on a volcano. And you
saw that as well with the explosion of
rage, you know, like the like the
worker, right, who who burned down the
Kimberly Clark warehouse, leaving behind
the words, "You only had to pay us
enough to [ __ ] live." And mind you as
well, and this is important, this is
also what they will say and are saying
about Farage and reform uh about Britain
and British society, right? But we
understand that there's so much more
happening and it's so much more a deeper
process. You see the growing bitterness
about the cost of living. You know, new
international uh polling across the
major capitalist economies also found
overwhelmingly how majorities are saying
that the living standards have
deteriorated. In the United States, 65%
say that the cost of living has become
worse over the last year. In Britain,
the figure is 77%. in Germany 78 in
France 82 in Canada 80 across all of
these countries there's a persu
persuasive feeling that the economy is
moving backwards not forwards and at the
same time scandals like the abstin files
have only deepened this belief there is
one law for ordinary people and one law
for the rich and and powerful and
polling actually also found which is
quite interesting that 51% of the
Americans believe that the conflict with
Iran
was launched at least part to distract
from the Epstein files. Now whether that
is correct is is besides the point. But
what it matters is what is this like
this is such an extraordinary level of
distrust that it reveals. Millions
increasingly see corruption and and
coverups and privilege not as an
isolated incident but as a normal
functioning of the circ system. And this
is precisely the question that has
ignited right revolutionary movement
that we've seen all across the world in
Sri Lanka in Bangladesh in Kenya in
Nepal in Indonesia and look what's
happening right now right in in Kashmir
and in India corruption becomes the
spark our task our our task is of course
to explain that corruption is not simply
a crime of a few bad individuals it is
an organic product of capitalism itself
now these same pressures as well are
tearing apart part Trump's own
coalition, right? There's a crack within
MAGA along these class lines. Even at
the top, it is breaking apart. I just
want to I just want to mention some
quotes from Tucker Carlson. Um
cuz I I feel like they're actually
really good
where he says, "What I mean is the
current system I'm often told is free
market capitalism. Any economic system
in which the overwhelming majority of
the rewards go to an ever shrinking
number of people or proportion of people
is a doomed system because it makes
people revolutionary. And then he says,
you know, people have to own things.
They have to be fested in a country in
order to dradicalize them. But when
people own nothing, they've got nothing
to lose. I mean, these are very obvious
observations.
[laughter]
Now this is not a man that wants a
revolution. Uh the Iran war, the Abstein
scandal, the cost of living, these are
events that completely are transforming
consciousness and they are tearing MAGA
apart. Even Trump's flagship immigration
policy has actually begun, you know, to
produce the opposite of what was
intended. workers who were expecting,
you know, deportation of gangsters and,
I don't know, traffickers instead watch
nurses being dragged out of hospitals,
baristas being dragged out of cafes,
parents seized in front of their
children and and of course neighborhoods
occupied by heavily armed federal
agents. The response there in
Minneapolis, of course, was remarkable.
single groups that like appeared
overnight, whole communities organizing
petrols, parents volunteering, you know,
to take children of immigrants, families
to schools, mass meetings were called.
This is actually the real face of the
American working class and the ruling
class can feel the ground shifting
beneath his feet and they know they are
sitting on a volcano and that is also
why Trump is suddenly intensifying his
attacks on communism. You know, in just
a few weeks, he in he invoked the word
more than 80 times, calling communism
the greatest threat that America has
ever faced, greater even than world
wars, he said. and his his campaign has
deliberately trying to revive basically
the language of the cold war where it
offers to change offered um oh my god
offers a way to change basically the
subject from inflation from falling
living standards uh and and of course
growing inequality. But the problem for
the ruling class is that this weapon no
longer cuts as sharply as it once did.
Young people have grown up right through
financial crashes, endless wars,
impossible housing cost, staggering
inequality. They are the least hostile
generation actually towards socialism in
modern American history and the most
hostile towards billionaires. And for
millions, the question is no longer
whether capitalism is failing, but it is
what should replace it. And this is the
significance of the present moment.
Consciousness is not changing just
gradually, I would say, anymore. is
changing at remarkable speed. And it's
and the increasingly hysterical
anti-communism of the ruling class in
itself is actually proof because they
know this. They know what they're faced
with. Can you therefore see how criminal
it is, how far the left is lagging uh
behind. This is a colossal vacuum on the
left and all we have are chronically
weak leaders. And this is an enormous
contradiction, but until it's filled,
things can drag on basically for some
time. However, the moment there is
something to fill it, things can go very
far and very quickly, especially given
how deep European and American crisis
is. And yes, I know I mentioned, you
know, quite a few statistics and figures
uh and so on in, you know, irration to
make this point. However, sometimes I
think it's also important like you know
we don't want to lose sight and and just
see numbers. We aren't just talking
about statistics and numbers. The
figures matter because they also reveal
the historical period that we're living
through, the gravity of the situation,
the gravity of the crisis that we're
going through. But we shouldn't lose
sight of what those numbers actually
present. They are presenting real
people. These are living forces. People
who are angry, you know, people are
disgusted. people who are treated like
cockroaches as we've heard.
How do we think people will who are
treated like that will respond? Right?
It brings to mind like so many
revolutions of the past as well. You
know, often think as well about the Arab
Spring where one of the most powerful
demands was not just simply for bread,
but it was about dignity. Dignity was a
key question of that revolution. Think
about like a young doctor or nurse who
finishes a grueling hours and hours
shift and then has to queue for a food
bank because their wages can no longer
cover you know their essentials. You
don't actually have to imagine this like
this is literally happening right now in
one of the richest countries in on on
earth. Or take also the example um don't
know if anyone read Ben Curry's article
about Epstein Fury where he said how in
the United States people have been
driven to sell their own blood their own
blood in order to afford groceries
imagine that level of degration that
level of desperation that it represents
it is infuriating is it is obscene and
it's millions of people are drawing
therefore the same conclusion this is
why revolution is never just about
economics It's about something far
deeper. There's a there comes a point
when people refuse, you know, to just
sit on their knees. When they discover
their collective strength and when the
demand is no longer simply about wages,
but to be treated as equals, to be
treated as human beings worthy of
dignity or freedom and a full life. We
must never lose sight of that whenever
we speak to people about what it is that
we are about and who it is that we are.
And we aren't simply arguing therefore
with people about different statistics
and and explaining crisis. We are giving
voice to the anger, the hopes and the
aspirations of a class that's had
enough. That is what fuels us. That is
what should keep your fire always
burning. And that's why we fight for a
revolutionary transformation of the
entire