A no-bush has no flower

In its critique, the essay points out the wrong approach of the theory by Wallerstein, illustrating it by the example of looking at the causes of falling profit rates, making the critique practical. According to the author, Wallerstein over emphasizes the role of cognitive factors by analysing world systems separately. It dissolves human history as it is and by neglecting the labour theory of value it does not provide a valid and practical solution for explaining falling profit rates.