Introduction to Just 3rd Way

In a letter to the editor published by the Washington Post, CESJ President Norman Kurland challenged the Post's assertion that "there is in fact no 'third way to prosperity' ".

 

While dismissing the previous mainstream versions as a welfare-state amalgam of capitalism and socialism, Kurland posed the logical case for a real "third way":

"On the one hand there is capitalism, an economic system governed by market forces but where economic power is concentrated in the hands of a few who own or control productive capital. On the other hand, socialism, in its many forms, is an economic system governed centrally by a political elite, with even more highly concentrated ownership and economic power. Logically, a 'third way' would be a free-market system that economically empowers all individuals and families through direct and effective ownership of the means of production—the best check against the potential for corruption and abuse."

The other pieces in this section examine different aspects of the new economic paradigm that CESJ calls "the third way," contrasting it with the existing paradigms of traditional capitalism and socialism.

Concentration of Property = Concentration of Power

The global justice movement has often been accused of protesting current conditions, without offering any viable alternatives. The Just Third Way offered here includes: a bedrock analysis of the relationship between personal empowerment and the ownership of productive property; a professional detailed analysis of how to enact needed fundamental monetary and economic reforms; a justice-based management system which incorporates proven leading edge organizational design; an enhanced negative income tax to eliminate poverty; and the indisputable concept of supplementing the GDP so that such things as car accidents and ecological damage are no longer counted as new wealth, as they are under the current system.