I like this to-the-point piece.
It hits the nail on the head of what is fundamental: capital, class and the state.

"Parties on the left can carry on believing that capitalism can be tamed at a transnational level, even though all the available evidence is that this is not going to happen. They can seek to use the power of the state for progressive ends, even though this will be strongly resisted. Or they can sit and watch as the predators munch their way through their prey. Even for the predators, this would be a disastrous outcome."

Think that governments can no longer control capitalism? You've been duped.