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The experimental film Memoria del saqueo (dir. F Solanas, Argentina, 2004), a saga about the economic and social collapse of Argentina, reveals by contrast the disappearance, under neoliberalism, of any capacity to think about history, as well as the foundering of the narrative Eros that makes possible a collective discourse on reality. Using the historical and critical elements that the film conjures up, we question the forms of political transition promoted by the Moncloa Pact (in Spain; but also subsequently in Brazil and Chile), which do not include the creative power of direct popular action. The political and reflexive lethargy and aphasia of Europe in the face of the current crisis are also at issue here.