11.4 Differing views - The third way Flashcards
What did Anthony Giddens argue about social democracy?
It needed to be renewed if it were to remain relevant
What were 3 proposals of the 3rd way?
- Recognition of the free market over state planning
- Embracing the competitive state
- Importance of equality of opportunity over other forms of equality
RECOGNITION OF THE FREE MARKET OVER STATE PLANNING
RECOGNITION OF THE FREE MARKET OVER STATE PLANNING
What is the ‘cybernetic model’ of socialism that Giddens rejected?
The state acts as the artificial brain that manipulates organic society and economy
How did the 3rd way differ to social democracy in regards to the economy?
The 3rd way rejects Keynesian economics
How did Blair show that he was in line with 3rd way values?
He scrapped Clause IV of the Labour Party constitution - meant that Labour were no longer committed to nationalisation
What did Giddens believed significantly weakened the effectiveness of Keynesian economics?
Globalisation
What did Giddens argue about neo-liberal economies?
They generated greater revenues than state-managed ones, which could fund public spending
How much did the economy grow per year when Blair was in power?
2.4% - higher rate of growth than had been achieved in the previous 50 years
What was public spending as a % of GDP in 1997 and 2010?
1997 - 39%
2010 - 47%
EMBRACING THE IDEA OF THE COMPETITIVE STATE
EMBRACING THE IDEA OF THE COMPETITIVE STATE
What did Giddens argue the state needed to do?
‘Promote investment in education and infrastructure’
How did Labour commission building work when they were in power?
- Private finance initiative (PFI)
- Public-private partnerships (PPPs)
EMBRACING COMMUNITY, MORAL RESPONSIBILITY AND SOCIAL INCLUSION
EMBRACING COMMUNITY, MORAL RESPONSIBILITY AND SOCIAL INCLUSION
What was Giddens critical of that no-liberals advocated?
Atomistic society
