CATEGORY: Theory
FIRST OCCURRENCE: Mark Fisher, "Capitalist Realism: Is There No Alternative?", 2009
RISK: HIGH
DATE: 2026-08-26
CAPITALIST REALISM — the thesis, formulated by Mark Fisher, that late capitalism no longer presents itself as one ideology among others but as the natural, inevitable backdrop to any political imagination: "it is easier to imagine the end of the world than the end of capitalism" (a formula often attributed to Fisher but which he himself traces back to Jameson/Žižek).
Fisher describes a specific block: the structural — cultural, aesthetic, even perceptual — inability to seriously conceive a systemic alternative. The "realism" denote a regime of what appears thinkable.
The link to the hyperstitional apparatus: capitalist realism functions as a hyperstition in reverse, at colossal scale — an imaginative block that self-perpetuates by preventing other futures from even being conceived, rendering the capitalist present the only thinkable horizon.
Signal detected in: Thatcherite "there is no alternative" rhetoric, critiques of contemporary labor precarity, the post-2016 revival of the term in activist and academic circles following Fisher's death in 2017.
STATUS: a concept now widely cited and stable in public debate — perhaps too widely: it risks the same fate as "hyperstition," re-mediation that dulls its original diagnostic charge.
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