jameson + harvey - society has moved to postmodernity, bringing about major changes resulting in instability, diversity and increased media presence
however postmodernity is the result of the most recent stage of capitalism
while capitalism is dynamic it is also prone to periodic crises which produce major changes, and postmodernism arose from the capitalist crisis in the 1970s
flexible accumulation
harvey - the use of information technology, job insecurity and the requirement for workers to be flexible in a post-fordist system
permits the production of customised products for niche markets rather than standardised products, which brings about the cultural characteristics of postmodernity
customised products promotes cultural diversity
easily switching production from one product to another encourages fast-changing trends
also changed consumption as identity became a commodity
causes the compression of time and space as new technology serves to shrink the globe
politics and progress
harvey + jameson - flexible accumulation has also brought about the political characteristics of postmodernity eg. weakening the working class and socialist movements