this post was submitted on 18 Oct 2023
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This is something I never really understood in itself or why it's important in the first place. Modern day examples would definitely help.

Can somebody help me out?

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I'm gonna quote a passage from a play called The Fever, which is a really great explanation of the concept:

Then I turned back to an earlier section, and I came to a phrase that I'd heard before, a strange, upsetting, sort of ugly phrase: this was the section on "commodity fetishism," "the fetishism of commodities." I wanted to understand that weird-sounding phrase, but I could tell that, to understand it, your whole life would probably have to change.

His explanation was very elusive. He used the example that people say, "Twenty yards of linen are worth two pounds." People say that about every thing that it has a certain value. This is worth that. This coat, this sweater, this cup of coffee: each thing worth some quantity of money, or some number of other things—one coat, worth three sweaters, or so much money—as if that coat, suddenly appearing on the earth, contained somewhere inside itself an amount of value, like an inner soul, as if the coat were a fetish, a physical object that contains a living spirit. But what really determines the value of a coat? The coat's price comes from its history, the history of all the people involved in making it and selling it and all the particular relationships they had. And if we buy the coat, we, too, form relationships with all those people, and yet we hide those relationships from our own awareness by pretending we live in a world where coats have no history but just fall down from heaven with prices marked inside. "I like this coat," we say, "It's not expensive," as if that were a fact about the coat and not the end of a story about all the people who made it and sold it, "I like the pictures in this magazine."

A naked woman leans over a fence. A man buys a magazine and stares at her picture. The destinies of these two are linked. The man has paid the woman to take off her clothes, to lean over the fence. The photograph contains its history—the moment the woman unbuttoned her shirt, how she felt, what the photographer said. The price of the magazine is a code that describes the relationships between all these people—the woman, the man, the publisher, the photographer—who commanded, who obeyed. The cup of coffee contains the history of the peasants who picked the beans, how some of them fainted in the heat of the sun, some were beaten, some were kicked.

For two days I could see the fetishism of commodities everywhere around me. It was a strange feeling. Then on the third day I lost it, it was gone, I couldn't see it anymore.

So Fetishism, in this context, is referring to the anthropological concept of a fetish, which is a mundane object which has a spirit living within it.

So when commodities are fetishized, we see it as having some immutable, Inherent, value. When we do this, the commodity is, metaphorically possessed by the spirit of this supposed inherent value.

But what we ignore when we fetishize commodities like this, is the fact that the value of a given commodity isn't inherent. It is actually the product of a web of social relationships between all of the people who helped make it. And those relationships are what makes the commodity have value.