![]() ![]() ![]() This ideology has remained increasingly prevalent, even after the 2008 financial crisis. Moreover, Fisher argues that capitalist realism is then further entrenched in 1980s and 1990s neoliberalism-a political ideology that promotes free markets, deregulation, and privatisation. Understanding Fisher’s concept of “capitalist realism” is critical to properly comprehending capitalism today.ĭemonstrating the importance of viewing capitalism in its historical context, Fisher states that “capitalist realism” has its origins in the post-war period as a reaction to the ideologies that produced World War II, a viewpoint that the fall of the Soviet Union in the late 1980s only reinforced. He observes that capitalism forces people to have fewer and fewer beliefs and values. According to Fisher, contemporary capitalism is defined by a culture of materialism and conformity capitalism pushes individuals to spend more and focus on material things. ![]() However, according to Fisher, “capitalist realism” is an ideology of pessimism and resignation.Īrguing that modern capitalism is characterised by a lack of choice and alternatives, Fisher states that it therefore gives rise to a fear and anxiety culture, which makes it difficult to question the status quo. Fisher states that capitalism’s reality has grown so prevalent that no one questions it anymore. Capitalist realism is a widespread intellectual framework that accepts capitalism as the only “realistic” economic system. ![]()
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