In the last several years, it has occurred to me that American history since the turn of the 20th Century appears to have fallen into a cyclical dynamic. This is a sort of socio-political recurrence that came about with the closer integration of Capitalism and the American State, particularly with the increased power of the Federal Government. As neither of these two can be feasibly separated, neither can be understood in isolation, my approach in understanding this historical process sits outside of the Marxist line which is most common in radical circles. Rather than a focus on the economic cycles, which seem to have been marginalized in acuity since the Great Depression, my approach here is one that incorporates economic retractions as a particular form of disruption to the system, but one that is not by itself sufficient to undermine Capitalism and the American state. Instead, my focus has been on the continuity of these two, and how they are able to manage various types of disruption that in the past could have proven fatal. This essay works out a theoretical model for understanding how this continuity is perpetuated throughout time and how it develops new reiterations of itself despite issues that previous theories argued would produce an economic and social revolution.