Jacques Derrida’s Specters of Marx has had an enormous influence on recent thought about the fate of human capabilities in late capitalism, especially in Europe. Hontology explores a road not taken in Specters of Marx - the idea that shame is the route by which we access the capabilities for living that are abrogated in modernity. More particularly still, the book considers the loss of the New World as an horizon in which these abrogated capabilities were still in play, and the inhabitants of the New World as presenting forms of life before which Europeans felt shame in comparison with their own. Finally, the book discusses what might take the place of the New World now that its productive horizon of shame has receded from view.