Third Way: Difference between revisions

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==Beliefs ==
==Beliefs ==
The Third Way is a form of [[File:Radcent.png]] [[Radical Centrism]]. [[File:Ethsoc.png]] Anthony Giddens in his books ''Beyond the Left and Right'' and ''Third Way: The Renewal of Social Democracy'' talks about [[File:Neoliberal-icon.pn]] [[Neoliberalism]], and how its key tenants—such as [[File:Anti-Humanism.png]] welfare cuts, [[File:Globalism.png]] global trade, [[File:Fiscon.png]] balanced budgets—were not only popular but valid aspirations. But still seeing merit in [[File:Welf.png]] social justice and noticing the nasty side-effects of Thatcher and Reagan's economic policies (e.g., lower social trust and excessive inequality), Giddens proposes making neoliberalism more [[File:HumanisticCapitalism.png]] humane through:
Third Way believes in a theory of [[File:Social-ism.png]] "social-ism" which tries to pursue the goals of equality and social justice in a framework of a [[File:Neoliberal-icon.png]] [[Neoliberalism|Neoliberal]] society. By fusing traditional social democratic goals with an acceptance of globalism and free markets, Third Way creates a philosophy which is similar to [[File:Soclib.png]] [[Social Liberalism]] or [[File:Radcent.png]] [[Radical Centrism]], but built on a more modern theoretical basis.
# A "social investment state" which helps people climb the [[File:Merit.png]] social ladder through workforce development and education, rather than handouts.
In ''Beyond Left and Right'', Giddens gives a 6 point ideological framework of the Third Way
# Preserving [[File:Keynes.png]] progressive taxation so the general population feels the gains of free market while reducing inequality.

# Making economic and political institutions more inclusive (and therefore egalitarian). {{Refn|Anthony Giddens believes "equality" and "inclusion" are synonymous, since people being able to participate in a collaborative community makes everyone better off. This relates to the concept of distributive justice.|group=Note}}
*Repair damaged solidarities.
*Recognise the centrality of life politics.
*Accept that active trust implies generative politics.
*Embrace dialogic democracy.
*Rethink the welfare state.
*Confront violence.

=== Factions ===
There are two Third Way factions: The [[File:Soclib.png]] [[Social Liberalism|social liberal faction]] and the [[File:Socdem.png]] [[Social Democracy|social democratic faction]]. [[File:TrudeauLib.png]] Justin Trudeau belongs to the social liberal branch while [[File:New_Labourism.png]] Tony Blair belongs to the social democrat branch. Despite holding similar policy prescriptions, the philosophical differences between social liberalism and social democracy apply here and it explains many policy divisions among Third Wayers.


=== Economics ===
=== Economics ===