The second volume of "The Power of Capital traces the development of Europe from the French Revolution to the First World War. The Revolution appears as a political experiment that fails because of its economic falsity or delusion and ends in the Napoleonic military dictatorship. The constitutional monarchy, authoritative in the first half of the 19th century, is the political solution that bourgeois society finds for its insoluble economic contradictions. It is inherited by the imperialist strong state, which owes its rise to the needs of industrial capital. The integration of the socialist movement into the social-reform redistribution policy initiated by it to save the accumulation process gives the national-state economies that semblance of unity and that fal.