Third Way: The "Third Way" is a political direction that combines elements of liberalism, socialism and conservatism to establish an alternative political direction. It strives for a balance between a market economy and social justice, emphasizing individual freedoms as well as state intervention to combat poverty and promote the common good. See also Socialism, Liberalism, Freedom, Society, State, Conservatism, Justice, Interventions._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |