After the end of epoch of colonialism, Cold War period and disintegration of system of real socialism, there seems to be a rift within global framework, in the functioning of the system of international relations, established after the World War II. Because of it, different attempts of building up of existing institutional arrangements and establishing of new coordination mechanisms on the level of global processes of political decision-making with an aim of harmonizing of priorities of common policy of leading capitalist countries in the new millennium, are becoming more and more apparent in the relation between USA and EU. Faced with new challenges and doubts, imposed by the current process of restructuring of mutual relations between America and Europe in an era of economic – financial, political and cultural globalization, editorial staff of Prelom magazine brings in this issue a series of theoretical texts, whose choice inteded to point out an example of a politically profiled way of looking at the processes of economic and political transformation of capitalism in the globalization era, with particular review on the courses of systematic changes in the very centre of world capitalist system.

Initial assumption is that before-mentioned transformation processes are primarily functioning in the context of demands for the improving of economic efficiency of the global market, by means of creating practical assumption for unanimous functioning of neo-liberal regime of economic growth, all of it being a part of spreading of global hegemony of the leading countries of contemporary capitalist system at the end of 20th and beginning of 21st century. [In that sense, transcript of the address of Tony Blair to the officials of Foreign Office on the Leaders' Conference in 2002, published in this issue, concisely illustrates the depth and far-reaching consequences that the demands for improving of economic efficiency of global market produced in the domain of creating of joint political agenda of USA and EU at the turn of the century.]

This is where the conclusion comes from - the structural changes in economical foundation and production basis of capitalism at the end of 20th century have to inevitably be reflected in the domain of political decision-making and governance. Nevertheless, regarding the fact the path of already initiated dynamic changes in the global financial-economic currents, has not yet been clearly and completely determined, as in the lack of rational economic theory an abstract term of free market is used most frequently – issues surrounding the future of the process of political transformation of world capitalist system and corresponding institutional remodelling of the existing international order remain also open, all the more likely as global political-economic constellation marked by noticeable lack of efficient institutional framework in the future is going to be favourable to cases in which the most powerful would be pleading that the current mix of different policies of the leading capitalist countries, so-called international community, be altered in a way to primarily suit the particular interest of the strongest, which is certainly not going to be welcomed by their less powerful partners. In this case, most of all, we bear in mind the global influence that current internal, that is, foreign policy of USA is realizing today in the complex system of non-state and state forces and subjects, as well as contemporary or newly founded regional economic-political alliances in post-Cold war era. Yet, regardless whether Republicans of Democrats are in power in USA, that is whether the representatives of ‘old’ would win over the representatives of ‘new Europe’, paving the way of main directions and ways of realizing of common/partner policies of USA and its chief partners in EU would still result from an amalgamation of policies of short-term management of various interests of global market and long-term strategy of strengthening of global hegemony of the first echelon of trans-Atlantic military-political alliance, led by USA.

All problems inevitably originating from the complex of political relations, organized in this manner, such as a loss of economic and political sovereignty, rapidly growing economic inequality and similar, would certainly strengthen additionally current demands for alternative institutional reconstruction of global economic-political and security system, as much within advocates and creators of new institutional arrangements, as well within numerous alter/anti-global movements. In the meantime, however, the essential lack of political virtues is becoming evident on the level of global political decision-making in practice, indicated in voluntarism of complacent politics of leading countries of global Empire in the making, which is systematically creating different kinds of fundamentalist resistance and reformist counter-strategies worldwide.
Based on everything mentioned here, it is more than obvious that in the conditions of the lack of corresponding mechanism of control and coordination of political decision-making, both of global and national level, distribution of power and responsibility taken in the name of that power is seriously endangered. In order to avoid being charged with advocating mere reformism of institutional framework of international legal-political system, we are going to state that above-mentioned processes of transformation on the level of political decision-making, which crucially regulate global movements in the world should be perceived primarily in the context of problems of long-term political sustainability and economic feasibility of global capitalist system in-the-making. Its current disorganized state and transitional period, in which it currently is without a doubt, should be understood principally as a suitable historical moment for an active engagement on the project of founding of universal policy, which would precede establishing of political movements that would represent the leaders of revolutionary changes in the future, whereas the selection of texts before you stands as an attempts to outline theoretical horizon, which is going to offer us guidelines for realization of that historical goal.