According to the author, the global crisis in employment is finally the result of the geopolitically biased and historically and socially unjust relationship between labour and capital. The situation is not new at all maybe some of its aspects are renewed that did not occur before. The article not simply examines the negative effects generated by the production crisis but also the global world system that is responsible for the production crisis.

Against the marginalised, the neoliberal state uses both traditional negligence – They are responsible for their fate thus no intervention is needed – and punishing discipline against this group, in cases even tangible, direct and brutal oppression.

The present crisis of the capitalist world is not just a cyclical one, but a comprehensive structural crisis of the system signing that the capital system has reached its absolute boundaries. As a result on the long run not only attempts to strengthen state regulation but also system stabilisation efforts by increasing oppression will be ineffective. This situation opens a new historic opportunity to create a new order based on solidarity and full social control of production. However to realise this theoretical opportunity, the defensive 20th century attitude of interest protection has to be given up, and strategic goals and the ways of fight of the working class should be profoundly rethought, as well as the relationship between its political and economy organisations.

The well known expert of world system analysis reveals a lot about the object of his decades long research. Arrighi explains hegemonies and their transfer – in the course of capital accumulation – by cyclical financial expansions following real economy ones. Change in hegemony occurs, when the spatial determination of capital changes its setting, moving into a new level: from a city state to a national state and so forth. Anyhow, there is no higher level of a continent wide hegemony. Where are capital and its representative the hegemony of the bourgeoisie heading to in the sharpening competition and crises of world economy?

The life course interview of the recently passed legendary editor of the New Left Review reveals the ways and opportunities or sometimes external forces, the experience of well considered and ad hoc decisions that opened/limited the space of action both in theory and practice for the left wing intelligentsia.