High Quality Content by WIKIPEDIA articles! In Karl Marx`s critique of the political economy of capitalism, commodity fetishism is the transformation of human relations, derived from the trading of commodities in the market, whereby the social relationships among people are expressed with objectified economic relationships, among the money and commodities, and the buyers and sellers. As such, commodity fetishism transforms the subjective, abstract aspects of economic value into objective, real things that people believe have intrinsic value.