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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 ] economists such as ], resulting in the ].

The term was appropriated by politicians in the 1990s who wished to continue from the "left" Thatcher and Reagan's projects of economic deregulation, so that currently the '''Third Way''' is usually understood as a nickname for ] social-economic ]. As such, it has become an important ] in modern ] ], especially by some ] parties, as well as for some members of the ]. It gets its name from its alleged role as an alternative to both pure, free market ] 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 have too high rates of taxation to compete with economies run on free-market principles.

Well known examples of politicians of the Third Way include:
* Former ] ]
* ] ]
* ] ]—''Neue Mitte'' ("New Center")
* Spain's ]—''Nueva Vía'' ("New Way")
* Former ] Prime Minister ]

The "Third Way" of Blair and Zapatero stands for de-regulation, de-centralisation, lower taxes for multinational ].

The "Third Way" of the US Senate centrists, following Bill Clinton's lead, emphasizes governmental fiscal responsibility, governmental action to promote personal self sufficiency, and a preference to allow free markets to determine outcomes when possible.

The general idea is the idea of ]
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The term was used by ] to describe ] as an alternative to ] and ].

''See also'': ] (other meanings of third way)

==External link==

* ; '']'', ], ]—about ] and Blair.

]

Revision as of 17:27, 26 December 2004

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