A renewed focus on “the common” in contemporary political theory, as it gained momentum in the work of Michael Hardt and Antonio Negri, is a direct response to the failure of community in political theory. I argue that Hardt and Negri develop what we can understand as an “insurgent democracy of the common.” On the one hand, such an insurgent democracy of the common seeks to preserve the revolutionary potential of democracy. On the other hand, this democracy of the common also tends toward political romanticism: the legitimacy of “the common” depends on a political subjectivity tied to a paradoxical nostalgia for failed revolutions. As such, the democracy of the common entails an escape from the realities of the political world that undercuts its emancipatory potential. This becomes particularly obvious in the hope that Hardt and Negri place in social movements of resistance, but also in their critique of neoliberal capitalism.