Beyond a sewer or a ditch, the "gutter" is that narrow blank space between panels in every comic book or graphic novel. Seeming to say nothing at all, that thin white strip is where most of the magic actually happens. The gutter brings the art to life as sequential, and is the central site of tension and conflict, interpretation, imagination, and meaning making. We often feel, these days, that we are living inside a comic book, and so we write this from the margin, the cut, the gutter. We are living in the midst of an historic sea change-a dramatic and irreversible cultural, economic, and political shift. The financial crisis and the cyclical economic adjustments of the day grab the headlines and draw most of the attention, but they are in some ways the least of it. Just beneath the surface, roiling and churning, a more profound upheaval is well under way: the decline of the U.S. empire and the eclipse of the "American Century," which in all likelihood (but not inevitably) will be as messy as the end of the British, French, Japanese, or Spanish empires; the end of financial capitalism and the shift from a concentrated industrial world to a globally industrial world, which may well be (again, not inevitably) as murderous as the great leap from agriculture to industry and from feudalism to capitalism; an unprecedented ecological dislocation that is already redrawing all existing maps and propelling millions of environmental refugees out of their homes and into a shrinking world. The center cannot hold, and we are, each and all of us, whether we recognize it or not, in the mix and on the move, witnessing and participating in the end of an empire and the creation of new social and cultural connections. Nothing is inevitable, and the shape of the new world is impossible to predict. It could be a time of real peace, democracy, and equality; or it could be marked by permanent war, genocide, forced labor, and concentration camps. Where we go from here-chaos or community, barbarism or a revitalized democracy based on economic and global justice-depends on many variables, including how we understand and name this political moment, and how we act or fail to act within it.