This essay notes the extent to which poststructuralism/postmodernism have generally espoused hostility to historical materialism, surveys some representative examples of historical writing that have gravitated toward the new critical theory in opposition to Marxism, and closes with a discussion of the ironic evolution of a poststructurally inclined, anti-Marxist historiography. Counter to the prevailing ideological consensus that Marxism has been brought to its interpretive knees by a series of analytic challenges and the political collapse of the world's ostensibly “socialist” states, this essay argues that historical materialism has lost neither its power to interpret the past nor its relevance to the contemporary intellectual terrain.