The Difference between the Third Way and Socialism Essay

The Difference between the Third Way and Socialism - Essay ExampleIt has information about Western Europe and Anglo American world. This can complicate thoughts from western philosophers like Kant, Marx Hegel,Heder , Hobbes, Rousseau and miller. It has ideas and thoughts about industrial revolution in 19th century .In modern policy-making ideas, new political theories and definitions atomic number 18 explored and explained. Modern political ideas suggest that the glimpse shown by well-disposed philosophers are more or less unreal and exaggerated. In order to portray political philosophies more realistically, functional matters must be included in them. If we go little deeper into Modern political ideas we can analyze two concepts namely Third Way and socialism. It is indispensable to understand these two concepts in order to analyze or interpret them. These two ideas are separate still share a common marry to each other. According to BBC(1999)Put at its most basic the tercet way is something different and distinct from liberal capitalism with its unswerving belief in the merits of the free market and democratic socialism with its demand man growment and obsession with the state. ... It emphasizes on responsibility, obligation and de-centralizing government while giving less brilliance to income re- distribution. As per Mercer (2005)On the world stage, socialism has reinvented itself successfully and has surfaced in the guise of the vaunted Third Way whose main apparatchiks are the Clintons, the pair from Cool Britannia and the German Chancellor, Gerhard Schroeder. The third way is a middle path where the government will tread on in order to escape the liberal attitude of socialist principles and capitalism view of industrialists. This is a successful method of governing people as citizens will get ownership to property as well as liberty to act on their own. They can also govern themselves regarding their capabilities, rights, property ownership and responsibilities in society. The ideas and principles of third way is not accurate, hence their specification is difficult. thither are arguments that third way politicians speak on a double standards. The relation of third way with socialism Socialism has reinvented successfully in the new age and new socialist concepts are bandwagon into third way politics. The concepts of third way politics are adhered by social democrats to formulate third way social democracy. The third way democracy proponents argue that it is not socialism and it is competition capitalism. By accepting capitalism the new right is representing social democrats. There is something called centralized socialism and decentralized socialism. However centralized socialism is traditional and decentralized socialism needs to be taken over by the former. The familiarity of state ownership and social ownership has an automatic association and it is followed by traditional