This chapter defends liberal realist political theory against the charge of having a firm non-utopian stance motivated by a status quo bias. The chapter contends that we can meaningfully speak about a utopian horizon of liberal realism, a “utopia of fear.” It does so by explaining (1) the meaning of “utopia,” and the “moralism” versus “realism” dichotomy in the general context of political theory; (2) the origins of the status quo bias charge in the particular context of the radical versus liberal realism divide; (3) the presence of an emphatically non-utopian self-understanding of liberal realism in Bernard Williams’ works; and (4) how a “utopia of fear” (versus the radical realist “utopia of hope”) remains hidden in plain sight on the center stage of liberal realism.