With the aid of Hannah Arendt’s distinction between authentic and inauthentic semblances, this article reconstructs Karl Marx’s notion of commodity fetishism as a phenomenological concept. It reveals two distinct interpretive moments in the fetish: the interpretation of goods as anonymous in exchange and the interpretation of commodity-exchange as natural. As authentic semblances, interpretations in commodity-exchange cannot be “seen through” or corrected with a shift in perspective; in contrast, as inauthentic semblances, interpretations of commodity-exchange can be corrected with such a shift. This reconsideration of commodity fetishism suggests phenomenology and interpretive analysis should contribute to an analysis of region and globe-defining social systems.

借助汉娜·阿伦特（Hannah Arendt）对真实和非真实外表的区分，本文将卡尔·马克思的商品拜物教概念重构为一种现象学概念。它揭示了迷信两种截然不同的解释时刻：货物匿名的解释在交流和解释的商品交换一样自然。为正品semblances，解释在商品交换不能被“看透”或在立体的移位校正; 与此相反，作为不真实semblances，解释的通过这种转变可以纠正商品交易所。对商品拜物教的重新考虑表明，现象学和解释性分析应有助于对地区和全球定义的社会系统进行分析。