Nine Eleven started the end of it, 2008 financial collapse confirmed it, and Trump getting elected again will finish it off for good. Its over, the old system ran its course.
Part:
McCarthyism, also known as the Second Red Scare, was the political repression and persecution of left-wing individuals and a campaign spreading fear of communist and Soviet influence on American institutions and of Soviet espionage in the United States during the late 1940s through the 1950s.
Comment:
Sen Joe McCarthy lost, and the global trade system and woke etc won, continued until until lately.