British P.M. Theresa May is another Third Way politician in the tradition of Bill Clinton and Tony Blair. From her speech:
“Government can and should be a force for good; the state exists to provide what individual people, communities and markets cannot; we should employ the power of government for the good of the people. Time to reject the ideological templates provided by the socialist left and the libertarian right and embrace a new centre ground in which government steps up — and not back — to act on behalf of the people.”
I’m puzzled only by the “new” claim. The third way between government management and market freedom was explicitly Roosevelt’s policy in the 1930s, Johnson’s in the 1960s, and Clinton-Blair in the 1990s. So I predict we’ll see minor variations on the same old policies and variations on the same old pathologies.