Interests that politicians have abjectly failed to stand up to.
"And even the cleverest politician can sometimes fail to do so."
No politician seems to suggest that banks should take losses and fail.
Repeatedly in recent years, Brazilian politicians have failed to take action to cut the deficit.
But when politicians fail they often blame someone else, he said.
Let me finish with this: When war begins, politicians have failed.
Because the politicians of Europe have failed to do so.
The citizens of Ukraine should not suffer just because their politicians have failed.
That is why the generals should only intervene after the politicians have failed.
All politicians failed to hold the Murdochs to account, he says.