Tuesday, September 12, 2006

What is the "third way"?

In the UK and in the US, the "third way" has slightly different meaning. Over there it was a conscious policy of the Blair administration; here it was a conscious policy of the Clinton administration. In each case it combined embrace of certain market ideals -- deregulation, privatization, globalization, workfare -- with at least a limited recognition that markets could fail and require social investment (in technological infrastructure), social insurance (healthcare and retirement), and social knowledge-production (schools and universities). The official "Third Way" policy think tank -- closely affiliated with the Democratic party -- is at "Third Way: A strategy center for progressives" ...

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