[...] the crisis is not just the result of inadequate financial regulations, it expresses 'the intrinsic difficulty to make immaterial capital function like capital and cognitive capitalism to function like capitalism'. As such, this crisis signals the end of the 1990s project of the New Economy, the idea that capitalism can be revitalized in its digital form, with programmers and other intellectual workers turning into 'creative' capitalists [...] stronger and stronger state intervention is needed to keep the system viable. We should not miss the double irony here: there is some truth in the claim that state-socialism disintegrated in 1990 because it was not able to adapt itself to the digitalization of economic and social life; however, the same traditional Marxist notion of the contradiction between productive forces and relations of production is now undermining capitalism itself.