In present-day capitalism, monopolies excise fuller control the production systems of the world than ever before. They launched a war on workers and nations for maintaining their monopoly profit. A new compromise is not possible, continuing capitalism leads only to barbarism. That is why the left should be courageous enough for setting radical goals. Such a vital goal is the confiscation and socialisation of monopolies, the establishment of the institutions of building democratic consensus. Countries embarking on this road, should delink from the present global system,installing national planning and South-South cooperation.

The institutional system, legislation and subsidy system of the EU serve first of all the purpose of maintaining the full power of West-European monopolies, thus also their monopoly profits vs. interests of national states and workers of the centre and periphery in Europe. The crisis of the eurozone has smashed illusions about the EU and the Europe Project is heading to a collapse. The fight against austerity and emptied democracy is deemed to fail, unless national sovereignty is restored over economic and monetary policies. The modern left should replace the Europe Project by a new anti-imperialist and internationalist program.

The author points out the historical roots of the Greek and eurozone crises, highlighting the outcome of the independence of the ECB and the lack of political integration. Instead of austerity measures, he is suggesting a new Marshall Plan aiming the improvement of productivity in order to help the periphery of Europe. Germany should reconsider its readiness for cooperation and Greece declaring bankruptcy.

The study sketches out the great intellectual tradition of labour history writing accompanied with well selected bibliography. He sets the milestones for historians and laymen interested in the topic with a focus beyond Europe. He presents that the old school labour history was basically Europe centred but the new labour history is especially interested in global context and understanding the world outside of Europe.