This article links theory and politics in a systematic way by proposing Is-Shall-Do as a didactical model for analysing a concrete conjuncture, relating it to the desired future in the form of a concrete utopia. Aware of structural limits and potential space of manoeuvre for political agency adequate practical steps to implement the concrete utopia are elaborated. The paper is divided in a first section which exposes three interwoven aspects of development: the the idea of a good life, the complexity and multi-dimensionality of development and the relationship of knowledge and power. Section two exposes the model of Is-Shall-Do abstractly, while section 3 exemplifies it by exposing the challenges for the European left. The analysis of conjuncture as a concrete analysis of a concrete situation is centred in Europe today on the topic of inequality produced by finance-based accumulation. As the concrete utopia of a good life , the authors propose the values of the French revolution, freedom, equality and solidarity which are unfulfilled promises of European development. The paper ends with a plea for organising democratic and egalitarian alternatives. (...) (authors' abstract) / Series: SRE - Discussion Papers