Sociological characterizations of contemporary global society tend to divide into two broad forms, as follows:
- Postmodernity, a period occurring after the end of modernity.
- Late modernity, the most recent period within modernity.
However, the core observation has attracted little controversy that in recent decades, with transitional events most discernible in the 1960's, the broad characterization of ongoing social change has shifted away from one of continued and incremental progress, and toward one of turmoil lacking an overarching progressional narrative.
Zygmunt Bauman has used the term liquid modernity instead of late modernity, to emphasize the ever-changing conditions, in particular the fear resulting from constant uncertainty.
However, despite discussions comparing the two views, I perceive no broad difference between late modernity and postmodernity, other than the semantic nuance of whether modernity is considered to have ended.
What is the substantive difference between the characterization of the current period as late modernity versus postmodernity?