Third Way

The Third Way is a moderate-left political ideology that usually stands for deregulation, decentralisation and lower taxes. It is embodied by such figures as US President Bill Clinton, British Prime Minister Tony Blair, German Chancellor Gerhard Schrder, and Spain's Jos Luis Rodrguez Zapatero. The "Third Way" of the US Senate centrists, following Bill Clinton's lead, emphasizes governmental fiscal conservatism, governmental action to cut and/or eliminate welfare and other social assistance programs, and a preference to allow free markets to determine outcomes when possible. The general idea is included within Radical centrist politics.

Origins

Originally, there was the view that a "middle way" exists between communism and the free-market capitalism associated with Anglo-American societies. This view was developed in the 1950s by German ordoliberal economists such as Wilhelm Rpke, resulting in the social market economy. The term was appropriated by politicians in the 1990s who wished to incorporate Thatcher and Reagan's projects of economic deregulation, privatization, and globalization into the mainstream left wing and centre left political parties so that currently the Third Way is usually understood as a nickname for neoliberal social-economic policy. As such, it has become an important ideology in modern European democracies, especially by some Social-Democratic parties, as well as for some members of the United States Democratic Party. It gets its name from its alleged role as an alternative to both pure, free market capitalism and the kind of economic order represented by strong welfare states such as the Scandinavian countries and Germany, which are held to be too regulated and taxed at rates that are too high to compete with economies run on free-market principles.

Criticism

Third way is sometimes described as an idea of former social-democrats which replaces socialism with capitalism with a minimum of socialism, and a strategy to bring the social-democratic parties back to power where they have lost elections. Critics argue that third way politicians are in favour of ideas and policies that ultimately serve the intrests of corporate power and the wealthy at the expense of the working class and the poor. The Third Way has been promoted heavily by Tony Blair, Gerhard Schrder and many other world leaders.

Alternate meanings

Alternate meanings of "third way" include political terms applied to a variety of "third choice" options that some offer as an alternative to dichotomous situations which may otherwise appear polarized. Examples of "third ways" include:
  • A "third way" between the stultifying debates had by the left and right wherein arguments are so structural as to be static. One magazine offering an alternative voice -- that of the Christian worldview -- takes Third Way as its title.
  • In the late 1990s, several groups independently began using the term radical centre to refer to certain kinds of third way thinking.

External links

Funded by The Lynde & Harry Bradley Foundation

 

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