Saturday, December 21, 2013

Know what the "third way" is?

A: It's a dressed-up, jargon-altered version of statism that emerged in Western countries in the wake of the fall of communism in the early 1990s.  Like so many truly bad ideas, it sounds good on the surface, though its implementation increases government and political power.  Because politicians love it, it's wrapped up in altruistic language and sold as modern, progressive agenda.  And because it's statism at its core, it fails. Period.  OLS hero philosopher Stephen Hicks has an interesting, short essay on this topic.  Here's an excerpt from his must-read post:
Third Way politics became popular in the 1990s after the final collapse of the Soviet Union. Socialists were feeling chastened and adrift, and middle-of-the-roaders were uncomfortable with moving further towards free-market capitalism. The fall of the Soviet Union was an indictment of socialism, but what exactly was the lesson? Two positions emerged.

1. Socialism has failed, so free markets are the future.
2. A certain kind of socialism has failed, but we should now blend the strengths of the private sector with the virtues of government management.
You need to read the rest of the post in order for the quote above to have full impact.  You can do so, here.