Fantasy is a product of thought, Imagination of sensibility. If the thinking, discursive mind turns to speculation, the result isFantasy; if, however, the sensitive, intuitive mind turns to speculation, the result is Imagination. Fantasy may be visionary, but it is cold and logical. Imagination is sensuous and instinctive. Both have form, but the form of Fantasy is analogous to Exposition, that of Imagination to Narrative.
You know, mind allows us to portray in different sensory modalities, visual, auditory, olfactory, you name it, what we are like and what the world is like. But this very, very important quality of subjectivity, this quality that allows us to take a distant view and say, "I am here, I exist, I have a life and there are things around me that refer to me." That me-ness, M-E-hyphen, that is what really constitutes consciousness.
In communist society, where nobody has one exclusive sphere of activity but each can become accomplished in any branch he wishes, society regulates the general production and thus makes it possible for me to do one thing today and another tomorrow, to hunt in the morning, fish in the afternoon, rear cattle in the evening, criticize after dinner, just as I have a mind, without ever becoming hunter, fisherman, shepherd or critic.