The left has suffered a harsh defeat in Madrid. If anyone was singled out these past years by the reaction as public enemy number one of the regime, it was Pablo Iglesias. He has abandoned all his political positions under this pressure. The right will be celebrating in style and its arrogance will be augmented. The rank–and–file of the left must learn the lessons from all this. As the philosopher Spinoza said, ours is not to laugh nor to cry, but to understand.