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This essay argues that Frank Miller’s Batman: The Dark Knight Returns (1986) and Batman: The Dark Knight Strikes Again (2001-02) are grounded in a specific type of anticipatory consciousness that we read as risk consciousness. With their sustained and systematic confrontation of risk discourses, the two graphic narratives can be seen as key examples of what we call risk fiction, that is fictional engagements with and expressions of global risks that are the products of late modernity.