The topic of this video is that people are struggling to find new paths forward due to a lack of experimental data and a lack of results from theoretical approaches - which ultimately is contingent on finding some new experimental data they can predict.

So one way or another, it's quite likely you will need a larger accelerator. Moreover, logistically, not building that accelerator means you quite likely never have it - CERN's timelines go beyond 2050. The people who would be operating the next generation of accelerators haven't been born yet. If nobody is building anything, the knowledge and know how to do it is likely to be lost.

Like I said: it's a false dichotomy. It's one thing to frame the problem as "we should spend some money on these approaches which look promising". It's quite another to frame it as "those people are stealing all the money which should be spent on obviously correct alternative".

There is more then enough money to build everything, provided a solid case can be made for it - and not "we should do this" but "how we will do this". CERN tends to win bids because they're not delivering a concept, they're delivering a timeline and plan of exactly how they will get there.