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- How can the spectacular political downfall of Podemos be explained? For years to come, political scientists and historians alike will debate the various causes and factors that contributed to their unsuccessful political bid, but we would like to make the case that their decline is not just contingent on specific problems of leadership, the course of historical events, or the deepening social fragmentation and disorientation of society – all of these are secondary factors, to be sure. But there is something else: their political-theoretical groundwork was inadequate from the very start. Podemos’ failure is also a failure of theory.