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This paper addresses Trump's failed self-coup, its authoritarian backwash, and threats to democracy. It analyzes his handling of the coronavirus pandemic, which contributed to his 2020 election loss and deepened the political polarization that led to the January 6 Capitol insurrection. The essay also discusses how the forty-year acceleration of economic inequality and sociopolitical de-democratization generated a legitimacy crisis of the hegemonic, neoliberal regime that opened way for Trumpist ethnoracial nationalism. The Trump presidency and pandemic increased the intensity of the political-economic contradictions and transparency of the attenuated relationship of democracy and capitalism. In the consequent "interregnum," fundamental threats to democratic electoral institutions persist, yet a clear, realistic vision of an alternative democratic regime and the political bloc to bring it into being have yet to be forged. The fate of American democracy rides on overcoming the remarkable denial and normalization of the Trump coup attempt and on forging new safeguards for electoral institutions. Preventing a recurrence, however, requires a progressive transformation of Trumpism's de-democratized seedbed – neoliberal capitalism. [ABSTRACT FROM AUTHOR]