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Lyotard argues that, rather than relying on an objective truth or method to prove their claims ( logic, empiricism, etc.), philosophies legitimize their truths by reference to a story about the world which is inseparable from the age and system the stories belong to. Lyotard calls them meta-narratives (similar to language games in Wittgenstein's philosophy). He then goes on to define the postmodern condition as one characterized by a rejection both of these meta-narratives and of the process of legitimization by meta-narratives.
In lieu of meta-narratives we have created new language-games in order to legitimize our claims which rely on changing relationships and mutable truths, none of which is privileged over the other to speak to ultimate truth. It is this unstable concept of truth and meaning that leads one close to nihilism, though in the same move that plunges toward meaninglessness, Lyotard suspends his philosophy just above its surface.
"To the clean are all things clean"--thus say the people. I, however, say unto you: To the swine all things become swinish!
Therefore preach the visionaries and bowed-heads (whose hearts are also bowed down): "The world itself is a filthy monster."
For these are all unclean spirits; especially those, however, who have no peace or rest, unless they see the world FROM THE BACKSIDE--the backworldsmen!
TO THOSE do I say it to the face, although it sound unpleasantly: the world resembleth man, in that it hath a backside,--SO MUCH is true!
There is in the world much filth: SO MUCH is true! But the world itself is not therefore a filthy monster!
While few philosophers would claim to be nihilists, nihilism is most often associated with Friedrich Nietzsche. Nietzsche defined the term as any philosophy that, rejecting the real world around us and physical existence along with it, results in an apathy toward life and a poisoning of the human soul - and opposed it vehemently. He describes it as "the will to nothingness" - in this sense the philosophical equivalent to the Russian political movement mentioned above: the irrational leap beyond skepticism - the desire to destroy meaning, knowledge, and value. To him, it was irrational because the human soul thrives on value. Nihilism, then, was in a sense like suicide and mass murder all at once. He saw this philosophy as present in Christianity and Christian morality, which he describes as slave morality, and in asceticism and any excessively skeptical philosophy.
Nietzsche is referred to as a nihilist in part because he famously announced "God is dead!" What he meant by this oft-repeated statement was not that God has passed away in a literal sense, or even necessarily that God doesn't exist, but that we don't believe in God anymore, that even those of us who profess faith in God really don't believe. God is dead, then, in the sense that his existence is now irrelevant to the bulk of humanity. "And we," he says in The Gay Science , "have killed him." Nietzsche also recognized that, even though he viewed Christian morality as nihilistic, without God humanity is left with no epistemological or moral base from which we can derive absolute beliefs. Thus, even though nihilism has been a threat in the past, through Christianity, Buddhism, Platonism, leftist political movements that aim toward a distant utopian future, and any other philosophy that devalues human life and the world around us (and any philosophy that devalues the world around us by privileging some other or future world necessarily devalues human life), Nietzsche tells us it is also a threat for humanity's future. Some have taken this warning as a polemic against 19th and 20th century scientism as well.
Nietzsche advocated a remedy for nihilism's destructive effects and a hope for humanity's future in the form of the Übermensch, a position especially apparent in his works Also Sprach Zarathustra and The Antichrist.
Another part of Nietzsche's remedy for nihilism is a revaluation of morals -- he hopes that we are able to discard the old morality of equality and servitude and adopt a new code, turning Judeo-Christian morality on its head. Excess, carelessness, callousness, and sin, then, are not the damning acts of a person with no regard for his salvation, nor that which plummets a society toward decadence and decline, but the signifier of a soul already withering and the sign that a society is in decline. The only true sin to Nietzsche is that which is against a human nature aimed at the expression and venting of one's power. Virtue, likewise, is not to act according to what has been commanded, but to contribute to all that betters a human soul.
Nietzsche attempts to reintroduce what he calls a master morality, which values personal excellence over forced compassion and creative acts of will over the herd instinct, a moral outlook he attributes to the ancient Greeks. The Christian moral ideals developed in opposition to this master morality, he says, as the reversal of the value system of the elite social class due to the oppressed class' resentment of their masters.