On 15 May 2011, a tremendous movement erupted all over Spain: the indignados. Within a few years, it found a political expression in the rise of Podemos. But the upcoming elections this month are set to confirm the terminal decline of this party, led into a dead end by its leadership. This represents the end of a political cycle. It might seem that we have returned to square one. But the end of this cycle is preparing the ground for a new revolutionary upturn of the mass movement, on a higher level, enriched by the whole experience of the past decade.