The article problematizes some conceptual dimensions of Nancy Fraser’s critical theory. Among them, the conception of the capitalist model as an institutionalized social order, the attempt to build a theoretical framework capable of bringing to light the areas of interdependence between economic and non-economic factors, and the periodic dynamics of systemic destabilization. After a framing of her work, within the fragmented debate on the crisis of contemporary capitalism, the article focuses on a specific contradiction of the accumulation processes, the relationship between society and nature. Specifically, the changes and transformations that are redefining the boundary between society and non-human nature in the neoliberal regime. The analysis ends by reviewing both positive and negative aspects of Fraser’s critical theory.