Third Way: A Middle Ground Between Socialism and Capitalism (Edexcel A-Level Politics): Flashcards
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Third Way definition
Third Way definition
Middle ground between socialism & capitalism
When Third Way emerged
When Third Way emerged
Late 20th century
UK leader associated with Third Way
UK leader associated with Third Way
Tony Blair (New Labour)
Extremes Third Way rejects
Extremes Third Way rejects
Unregulated capitalism & state-driven socialism
Third Way's two main goals
Third Way's two main goals
Social justice & market efficiency
Third Way welfare approach
Third Way welfare approach
Welfare-to-work, promoting employment & self-reliance
Type of state Third Way supports
Type of state Third Way supports
Enabling state - supportive not directive
Third Way service delivery model
Third Way service delivery model
Public-private partnerships (PPPs)
Third Way economic system
Third Way economic system
Market socialism - regulated market economy
Third Way investment focus
Third Way investment focus
Human capital: education, skills, technology
When New Labour rebranding happened
When New Labour rebranding happened
1990s
Blair's 'New Deal' purpose
Blair's 'New Deal' purpose
Move unemployed from welfare to work
Labour elections won under Third Way
Labour elections won under Third Way
Three consecutive general elections
Criticism of Third Way's ideology
Criticism of Third Way's ideology
Lacks clear ideological foundation
Third Way's aim for capitalism
Third Way's aim for capitalism
Humanize capitalism while promoting social justice