Until now liberation hermeneutics has been seen as the distinctive contribution of Third World biblical interpreters. Recently another critical category, postcolonialism, has emerged as its rival, and has staked a claim to represent minority voices. On the face of it, both liberation hermeneutics and postcolonialism share a common interpretative vocation – for instance, deideologizing dominant interpretation, a commitment to the Other and distrust of totalizing tendencies. However, a closer look in the last chapter revealed that liberation hermeneutics is still stuck with some of the vices of the modernistic project – excessive textualism, disparagement of both major and popular religions and homogenization of the poor. Also it seems shy about breaking with them. What I propose to do first in this chapter is to delineate the characteristics of the new entrant to the critical arena – postcolonialism – and outline some of its theoretical and praxiological intentions and assumptions; second, to deal with the applicability of postcolonialism to biblical studies; and third, to map out the affinities and differences between postcolonialism and liberation hermeneutics. In the concluding part I will try to answer some of the questions constantly asked about postcolonialism, and I will end with my own qualified support for the theory.