Is The Third Way a choice between Capitalism and Socialism?Is there The Third Way (centrism)a choice between Capitalism and Communism or Socialism? This is just a question. You may know more than me about the new capitalism, because I spent 47 years in the Soviet Union dominated socialist Romania and only twenty in the USA. Please feel free to comment on my blog:
"Ernest's Dialogues"
Few examples to define the subject betterThere are more words to define this "The Third Way" (centrism) concept. Is it "the Socialism with a human face"? Certainly not, that was Ceausescu's Socialism. There is a Chinese "pragmatic way" coming after the Soviet Union collapse. Here it is the Deng Xiaoping's famous quotation that says a lot to me: "I don't care if it's a white cat or a black cat. It's a good cat so long as it catches mice." In Western Europe and Russia the term "State Capitalism" describes a partnership of government and big business where the state is intervening on behalf of large corporations. It is a close relationship between the government and private capitalism, such as one in which the private capitalists produce for a guaranteed market. An example of this would be the military-industrial complex where autonomous entrepreneurial firms produce for lucrative government contracts and are not subject to the discipline of competitive markets. It distinguishes from "laissez-faire capitalism" where big business is not protected from market forces. Laissez faire capitalism favor individual self-interest and competition, and oppose the taxation and regulation of commerce. So many ideas are coming from all directions including Great Britain with Tony Blair's "Centrist way" or even The United States with a long history of "social democratic programs" to name a few.
The "Centrist Way" is on Wikipedia.
The financial crooks took the opportunity and abused the capitalist system after 2002 to the point we do not know today who did the most damage to our financial system, the crooks or the government by forcing the banks to lend mortgages to everybody with a name.
See NO DOC/STATED INCOME mortgage related article.
After 100 day as
president of the U.S.A.
, Barack Obama sees himself simultaneously trying to save the capitalism - the government nationalized debts not the banks - fight two wars and prevent a big recession home.
My recommendationsThe above conversation will be a long one. Before going even further I suggest to take a deep breath and start reading my pages about "What is the Socialism?" or better "What was Ceausescu's Communism?", "Romania at Historic Crossroads", or "The Escape - Confession of a Refugee" Return to "What was Ceausescu's Communism?"
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