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The article intends to contribute a framework of understanding the dual rise of econocentric fundamentalism (referring to market capitalism) and logocentric radicalism (referring to counterhegemonic political forces) as a process of mutual generation and destruction."Mutual generation and destruction" implies a dialectical process in which the deification of the free market and the global expansion of market capitalism have unavoidably generated destructive contradictions leading to the resurgence of logo-centric counterhegemonic socio-political forces.It is the analysis of this nexus that leads to a better understanding of the essence of worldwide religious/political radicalisms rather than their appearance.Islamic fundamentalism,for example,and other forms of political radicalism can be seen as a part of counter-hegemonic political movements representing an outlet for action and a force for change.Paradoxically,what we are witnessing today is a confrontation between two types of fundamentalist forces:econocentrism vis-à-vis logocentrism.