|Years active||From Pop Art in the 1950s and 1960s to the commodity art of the 1980s and 1990s|
|Major figures||Mark Fisher, Michael Schudson, Gerhard Richter, Sigmar Polke, Wolf Vostell, and Konrad Lueg|
The term "capitalist realism" has been used, particularly in Germany, to describe commodity-based art, from Pop Art in the 1950s and 1960s to the commodity art of the 1980s and 1990s. When used in this way, it is a play on the term "socialist realism". Alternatively, it has been used to describe the ideological-aesthetic aspect of contemporary corporate capitalism in the West.
Although attested earlier, the phrase "capitalist realism" was first used in the title of the 1963 art exhibition in Düsseldorf, Demonstration for Capitalist Realism, which featured the work of Gerhard Richter, Sigmar Polke, Wolf Vostell, and Konrad Lueg. The exhibition's participants focused upon depictions of Germany's growing consumer culture and media-saturated society with strategies, in part, influenced by those of their American Pop counterparts. The recent rise in Pop Art in German culture was coupled by a fascination with America, which served as a stimulation for the piece. They were inspired primarily by the iconography depicted in newspapers and magazines.
Capitalist realism is a German art movement co-founded in 1963 by artist Sigmar Polke. Polke embraced the advertising and publicity commonly found in the popular press in renderings of everyday consumer items. Often ironic and with critical overtones of society and politics the Capitalist Realism movement is considered more explicitly political than conventional Pop Art.
In the mid-1980s, Michael Schudson used the term "capitalist realism" to describe mainstream practices in advertising. Chapter seven of Schudson's Advertising: The Uneasy Persuasion compares the messages and appeals of advertising to those found in the Socialist Realism of the Soviet Union. In his account, the realism of advertising promotes a way of life based on private consumption, rather than social, public achievement.
The term next appeared in 2009 with the publication of Mark Fisher's book Capitalist Realism: Is There No Alternative? Fisher argues that the term "capitalist realism" best describes the current global political situation, which lacks visible alternatives to the capitalist system which became dominant following the fall of the Soviet Union. His argument is a response to, and critique of, neo-liberalism and new forms of government which apply the logic of capitalism and the market to all aspects of governance.
His ideology refers to a perceived "widespread sense that not only is capitalism the only viable political and economic system, but also that it is now impossible even to imagine a coherent alternative to it". 
As a philosophical concept, capitalist realism is influenced by the Althusserian conception of ideology. Fisher proposes that within a capitalist framework there is no space to conceive of alternative forms of social structures, adding that younger generations are not even concerned with recognizing alternatives. He proposes that the 2008 financial crisis compounded this position. Rather than catalyzing a desire to seek alternatives for the existing model, the crisis reinforced the notion that modifications must be made within the existing system. The crash confirmed within the populace the necessity of capitalism rather than shake it loose from its foundations.
Capitalist realism as I understand it cannot be confined to art or to the quasi-propagandistic way in which advertising functions. It is more like a pervasive atmosphere, conditioning not only the production of culture but also the regulation of work and education, and acting as a kind of invisible barrier constraining thought and action.
Following the publication of Fisher's work, the term has been picked up by other literary critics.
- Gibbons, p.53
- E.g. by Abraham Polonsky of Edward Dmytryk's The Caine Mutiny: William Pechter and Abraham Polonsky, 'Abraham Polonsky and "Force of Evil"', Film Quarterly, 15.3 [Special Issue on Hollywood] (Spring, 1962), 47-54 (p. 53); https://www.jstor.org/stable/1210628.
- Honour, Hugh. A World History of Art, Laurence King Publishing, p847. ISBN 1-85669-451-8
- Pollack, Maika (23 July 2014). "Living With Pop: A Reproduction of Capitalist Realism' at Artists Space". The New York Observer. Retrieved 20 November 2014.
It was a reaction to Pop from a postwar Germany divided between East and West.
- Schudel, Matt (13 June 2010). "German artist Sigmar Polke, creator of 'Higher Beings Command,' dies at 69". The Washington Post. Retrieved 17 November 2014.
In the 1960s, Mr. Polke was at the vanguard of a German artistic movement called capitalist realism, along with fellow painter Gerhard Richter -- who later expressed reservations about his colleague's work, saying "he refuses to accept any borders, any limits."
- Crow, Thomas. The Rise of the Sixties: American and European Art in the age of Dissent ISBN 1856694267
- Gibbons, p.55
- Michael Schudson, 'Advertising as Capitalist Realism', in Advertising, The Uneasy Persuasion: Its Dubious Impact on American Society (New York: Basic Books, 1984), pp. 209-33 (repr. in Advertising & Society Review, vol. 1, issue 1 (2000).
- Richards, Harry; MacRury, Isin; Botterill, Jackie. The Dynamics of Advertising, Routledge, 2000, p99. ISBN 90-5823-085-6
- Mark Fisher, Capitalist Realism: Is There No Alternative? (Winchester, UK; Washington [D.C.]: Zero, 2009); ISBN 978-1-84694-317-1 (pbk.); 1846943175 (pbk.).
- Fisher, Mark (2010). Capitalist Realism: Is There No Alternative?. Winchester, UK: Zero Books. p. 2.
- Fisher, Mark (2009). Capitalist Realism: Is There No Alternative?. Zero Books. ISBN 978-1846943171.
- Fisher, Mark (2009). Capitalist Realism. Is There No Alternative?. O Books. p. 8. ISBN 9781846943171.
- Mark Fisher, Capitalist Realism: Is there no Alternative? (Winchester, UK; Washington [D.C.]: Zero, 2009).
- Mark Fisher, Capitalist Realism: Is There No Alternative? (Winchester, UK; Washington [D.C.]: Zero, 2009, pg15).
- Prominently Mark Fisher and Jeremy Gilbert, 'Capitalist Realism and Neoliberal Hegemony: A Dialogue', New Formations, 80--81 (2013), 89--101 DOI:10.3898/NEWF.80/81.05.2013; Reading Capitalist Realism, ed. by Alison Shonkwiler and Leigh Claire La Berge (Iowa City: University of Iowa Press, 2014).