Critically analyse what is meant by the New Third Way as a political Essay

Critically analyse what is meant by the New Third Way as a political ideology - Essay Example These ideas are very progressive and necessary at first sight. The matter is that these ideas were formulated in the end of the 20th century, and the political situation was not the same as today. The ideas of the Third Way are of liberal views which are in great crisis today. The world community is facing a lot of new challenges, especially after September 11, 2003. Most of them are related to the global world terrorism and numerous terrible actions made by terrorists throughout the world. Many challenges are connected with WMD proliferation and drug trafficking. The twentieth century was a century of capitalism and socialism ideas realization, but now in the beginning of the 21st century the ideas of pure capitalism (when profit is the main value, and all problems must be overcome by free entertainment) and socialism (when state is the main power in economic life) are become outdated, as practice shows. So, the leaders of the most powerful countries offered a new decision, so-calle d The Third Way.