An introductory chapter surveys an earlier stage of that disenchantment by examining the appeal of Nietzsche and his concept of the superman to Marxist intellectuals in each of the major European socialist movements, focusing particularly on those who have lost confidence in the redemptive historical role of the proletariat. In studying the ideological trajectory of De Man, Horkheimer, and Kolakowski, the author identifies the common dilemmas they faced in their efforts to advance the Marxist cause. Those dilemmas arose in large part out of the clash between their bourgeois ethical sensibilities and the materialistic and deterministic outlook of orthodox Marxism. This clash provides a connecting link between the three generations of Marxist intellectuals dealt with in the study.

The author also discusses the aftermath of these three versions of ideological disenchantment—the attempts of each of these intellectuals to reconstruct a view of the world following the dissolution of his Marxist faith. The book concludes by placing Marxism in a broad historical context, and raises questions about its place—and that of the utopian imagination in general—within Western civilization.