The paper interrogates the current state-of-the-art in hegemony analysis in International Relations (IR). First, I discuss the limitations of using IR theories as a point of departure for analysing the phenomenon of hegemony in world politics. Second, I identify the ‘agent-structure problematique’ and ‘Critical Realism’ as two different waves of hegemony theorising and examine their contributions and limitations. Then I offer an outline of how we can move beyond the current state-of-the-art, in order to develop a more comprehensive framework of analysing hegemony. Focusing on the multiple movements of power within a hegemonic order, the paper advances a conceptualisation of hegemony as a complex power ecology – a dynamic order that draws on multiple and conflicting social forces and temporalities, which, in the final analysis, denote an existential battle for determining desire and the meaning of life.