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One of the most important exponents of Situationist ideas, this treatise presents an impassioned critique of modern capitalism and serves as a cornerstone of modern radical thought. Originally published in early 1968, the book both kindled and colored the May 1968 upheavals in France that captured the attention of the world. In the political climate of today, Raoul Vaneigem’s important work of radical anticapitalist thought has struck a new chord with the worldwide Occupy Movement. Naming and defining the alienating features of everyday life in consumer society—survival rather than living in full, the call to sacrifice, the cultivation of false needs, the dictatorship of the commodity, subjection to social roles, and the replacement of God by the economy—the book argues that the countervailing impulses that exist deep within this alienation, such as creativity, spontaneity, and poetry, present an authentic alternative to nihilistic consumerism. This carefully edited new translation marks the first North American publication of this important work and includes a new preface by the author and a translator’s note.