Understand Postmodernism: A Teach Yourself Guide. Glenn Ward BA in fine art (painting), University of Plymouth, 1990; MA in Visual Culture, Bath Spa University, 1992; PhD in film studies, University of Sussex, 2011. p. 234.
Two major world events can be said to have focused minds on the political and ethical ramifications of postmodernist theory. The attacks on the World Trade Center in 2001 and further ‘fundamentalist’ terrorist attacks (along with the subsequent ‘war on terror’) appear to have intensified debates around globalization, postcolonialism and cultural relativism. The global banking crisis that began in 2008 – though the seeds were sown much earlier – has forced a number of critics to reassess the claims of post-Marxism (and the tribulations of the political Left) with greater urgency: notions of the ‘end of ideology’ in late capitalism seem barely useful in the face of the near-collapse of world finance.
I'm assuming that Late Capitalism presupposes the imminent end of capitalism. Please see the title. Isn't near-collapse of world finance related to end of capitalism?