Tag Archive 'Third Way'

Mixed Economies: Efficacy Without Moral Narrative

Lee on Sep 09 2008 | Filed under: Domestic Politics, Economics, Lee's Page


(photo: Ian Murchison | website)

The nationalization of Fannie & Freddie is often presented as a crisis of faith for the political right, due to its manifest incompatibility with the advertised belief in the “free market.” However, Sunder Katwala at NextLeft cleverly recognizes that it also presents a challenge to orthodoxy on the left, given that the insisted purpose of the nationalization isn’t government ownership, but to rescue businesses for a stable return to the private sector.

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Toward a New Italian Left

Lee on Jan 18 2008 | Filed under: Around the Web

Here’s a fascinating little article on Walter Veltroni, the mayor of Rome and the new leading light of the Italian Left. Vetroni has worked to create a more moderate and flexible social democratic political culture in Italy. Modeling his new party in name and substance expressly on the US Democratic Party, he’s sought to create a very American kind of Left in a country so often fractured by the rancor of political extremism. His fierce criticism of Iran and his rejection of ossified socialist economic theory represent substantial breaks from the ideological status quo. While many of his positions and views aren’t entirely welcome, perhaps a Blairite “third way” is finally coming to the Italian Republic.

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