Initially I had a huge problem with his portrayal, mostly because my perception of Fisk always goes back to the Kingpin of crime from the 90s Spider-Man TAS. Also, in the beginning he seemed like a scared little child than someone who could carry the immense presence and respect of a powerful crime boss. However, as the show advanced this version grew on me because the more I pondered about it, the more I realized how complex he really was. First of all, he grows from a child ("man-child") into a man, which is the whole point of his character. Sure, he still has his emotional breakdowns, but during the time of the show he seems to start acting individually when he starts loosing people he relied on and makes his own decisions, being fully aware of what results his choices may hold. Moreover, he had some childish "illusion" that he was the unsung hero in Hells Kitchen, but by the end, his little monologue about the traveler and the good samaritan shows that he owned up to his role as the villain of the situation, and not the hero, thereby showing that he put his childish dreams to rest. (You could interpret the final scene in many different ways, maybe even argue that he was still a child because him starring at the white prison wall harkened back to what his dad did to him, but I think it goes back to the fact that he felt lonely and was away from someone he had loved.)
Furthermore, say what you will, but I have a soft spot for noble villains, and in some ways, despite the horrible acts he has committed, Fisk could, in some f*cked up way, be considered noble because of the way he treated Vanessa. He basically broke away from his Dads shadow the moment he had taken on the responsibility of protecting the woman he had loved.
All in all, this is not how I had imagined Fisk, and this version will probably not come to my mind when I think of the Kingpin of crime, but for a show aiming at reality and tragedy, this incarnation works perfectly well. Instead of showing a one-dimensional "behind-the-scenes" badass, we got a human being who was just as interesting, if not more so, than the main hero. If that's not a win, I don't know what is.
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