Surveying the political scene in America, we are now witnessing the shattering of the last remnants of the American ideology that has maintained itself—despite strains—for almost 70 years. The ideas that justified the American economic and political system in the minds of most of our citizens throughout that long period came under stress during earlier storms—from the 1950s to the 1970s in particular—and a few beams and joists cracked but did not give way. Today the manifold crises of capitalism mean that the entire existing intellectual structure of American capitalism is breaking up. And because of the role that the U.S. capitalist class plays in the world, this represents a crisis of world capitalist leadership and legitimacy. The question then arises: What will the country’s rulers attempt to put in its place, and what alternative explanation will we on the left and in the labor movement be able to offer to the country’s workers?