a) According to Linda Hutcheon , Postmodernity is the condition in which we now live, and it should be distinguished from Postmodernism , which refers to the cultural production and reflection that might embody its critique (the abovementioned questioning). b) According to Fredric Jameson , Postmodernism itself belongs to the "cultural logic of late capitalism", and as such there is no distinction between the critique and the condition (the critique, obeying to the laws of the production of culture, which rest on immateriality and profit, might annull itself). Even if Postmodernism somehow blurs the distinctions between the high and the low - the idea of equality in Postmodernism risks being overweighed by 1. Relativism : the first of the important keywords, as it is the conterpart to 2. Mistrust of grand narratives (religion, politics, scientific positivism) 3. De-differentiation (namely of economics and culture), leading to the indecidability of cor