[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Do you feel trapped
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in a broken economic model?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,A model that's trashing the living world
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and threatens the lives\Nof our descendants?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,A model that excludes billions of people
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,while making a handful unimaginably rich?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That sorts us into winners and loser,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and then blames the losers\Nfor their misfortune?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Welcome to neoliberalism,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the zombie doctrine\Nthat never seems to die,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,however comprehensively it is discredited.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, you might have imagined\Nthat the Financial Crisis of 2008
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,would have led to the collapse\Nof neoliberalism.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,After all, it exposed\Nits central features,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which were deregulating,\Nbusiness and finance,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,tearing down public protections,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,throwing us into extreme\Ncompetition with each other,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,as, well, just a little bit flawed.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And intellectually, it did collapse.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But still, it dominates our lives.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Why?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Well, I believe the answer\Nis that we have not yet produced
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a new story with which to replace it.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Stories are the means by which\Nwe navigate the world.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,They allow us to interpret its complex\Nand contradictory signals.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,When we want to make sense of something,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the sense we seek is not scientific sense
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but narrative fidelity.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Does what we are hearing reflect the way
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that we expect humans\Nand the world to behave?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Does it hang together?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Does it progress
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,as a story should progress?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, we are creatures of narrative,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and a string of facts and figures,\Nhowever important facts and figures are --
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and, you know, I'm an empiricist,\NI believe in facts and figures --
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but those facts and figures have no power\Nto displace a persuasive story.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The only thing that can replace a story
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is a story.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,You cannot take away someone's story
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,without giving them a new one.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And it's not just stories in general\Nthat we are attuned to,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but particular narrative structures.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,There are a number of basic plots\Nthat we use again and again,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and in politics there is one basic plot
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which turns out to be\Ntremendously powerful,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and I call this "the restoration story."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It goes as follows.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Disorder afflicts the land,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,caused by powerful and nefarious forces
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,working against the interests of humanity.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but the hero will revolt\Nagainst this disorder,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,fight those powerful forces,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,against the odds overthrow them,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and restore harmony to the land.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,You've heard this story before.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's the Bible story.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's the Harry Potter story.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's the Lord of the Rings story.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's the Narnia story.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But it's also the story
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that has accompanied almost every\Npolitical and religious transformation
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,going back millennia.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In fact, we could go as far as to say
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that without a powerful\Nnew restoration story,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a political and religious transformation
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,might not be able to happen.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's that important.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,After laissez-faire economics\Ntriggered the Great Depression,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,John Maynard Keynes sat down\Nto write a new economics,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and what he did was to tell\Na restoration story,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and it went something like this.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Disorder afflicts the land!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Caused by the powerful and nefarious\Nforces of the economic elite,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which have captured the world's wealth.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But the hero of the story,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the enabling state, supported\Nby working class and middle class people,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will contest that disorder,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will fight those powerful forces\Nby redistributing wealth,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and through spending\Npublic money on public goods
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will generate income and jobs,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,restoring harmony to the land.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, like all good restoration stories,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,this one resonated\Nacross the political spectrum.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Democrats and Republicans,\Nlabor and conservatives,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,left and right all became,\Nbroadly, Keynesian.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Then, when Keynesian ran intro trouble
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in the 1970s,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the neoliberals, people like\NFriedrich Hayek and Milton Friedman
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,came forward with\Ntheir new restoration story,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and it went something like this.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,You'll never guess what's coming.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Disorder afflicts the land!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Caused by the powerful\Nand nefarious forces
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of the over-mighty state,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,whose collectivizing tendencies\Ncrush freedom and individiualism
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and opportunity.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But the hero of the story,\Nthe entrepreneur,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,will fight those powerful forces,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,roll back the state,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and through creating\Nwealth and opportunity,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,restore harmony to the land.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And that story also resonated\Nacross the political spectrum.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Republicans and Democrats,\Nconservatives and labor,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,they all became, broadly, neoliberal.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Opposite stories
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,with an identical narrative structure.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Then, in 2008,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the neoliberal story fell apart,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and its opponents came forward with...
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,nothing.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,No new restoration story!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The best they had to offer\Nwas a watered-down neoliberalism
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or a microwaved Keynesianism.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And that is why we're stuck.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Without that new story,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we are stuck with the old failed story
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that keeps on failing.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Despair is the state we fall into
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,when our imagination fails.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,When we have no story\Nthat explains the present
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and describes the future,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,hope evaporates.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Political failure is at heart
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a failure of imagination.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Without a restoration story
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that can tell us where we need to go,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,nothing is going to change,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but with such a restoration story,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,almost everything can change.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The story we need to tell
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is a story which will appeal\Nto as wide a range of people as possible,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,crossing political fault lines.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It should resonate\Nwith deep needs and desires.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It should be simple and intelligible,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and it should be grounded in reality.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Now, I admit that all of this sounds\Nlike a bit of a tall order.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But I believe that in Western nations,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,there is actually a story like this
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,waiting to be told.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Over the past few years,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,there's been a fascinating\Nconvergence of findings
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in several different sciences,