Saturday, June 19, 2004

The Third Way

"...the disappearance of socialist utopias, globalisation, the development of a service economy and ageing populations. In the face of these, the First Way - classical social democracy, based largely on Keynesianism and traditional statism - has become largely obsolete. The Second Way - Thatcherism or free market fundamentalism - proved a disasterous alternative. The aim of Third Way thinking - revisionist social democracy - is to create policies for the centre left that respond to these changes." 1

1. Anthony Gidens, 7 June, 2004. Did they foul up my Third Way, New Statesman.