This paper argues for an interpretive approach to theorizing as more than merely the assertion of truth-claims but in addition, as a social process that narrates the ordering and simplification of reality effects. Mary Douglas’ (1975) notion of the pangolin as a reflexive mediating concept able to “speak” to both macro and micro social theories is recommended. Ressentiment as just such a pangolin-like concept is proposed and its usefulness is explored in an organizational case study, made up of three vignettes, of doing business in a South African township. The role for ressentiment in an interpretive theory of power is considered.