To start with, these lyrics are not complete. One of the lines left out of them is "kill the spirit of '68". What this line refers to is getting rid of Frankfurt School liberalism. 1968 was the year of the West's cultural revolution. In other words, this song is about getting rid of liberal Baby Boomer, hippie culture. This interpretation is in keeping with Lydon's well-known dislike for "drugged out rock and rollers".
To start with, these lyrics are not complete. One of the lines left out of them is "kill the spirit of '68". What this line refers to is getting rid of Frankfurt School liberalism. 1968 was the year of the West's cultural revolution. In other words, this song is about getting rid of liberal Baby Boomer, hippie culture. This interpretation is in keeping with Lydon's well-known dislike for "drugged out rock and rollers".