But all the partnerships and the increasing requirement that councils bid for targeted money, rather than be free to decide their own priorities, indicates that state interference is not lessened-merely transferred. Giddens artificially establishes the Third Way as the moderate Middle Way. In the process he sets up a good number of straw men. Inefficient industries should be subsidised to preserve jobs and communities. The Welfare State breeds problems of dependency, fraud, bureaucracy and moral hazard, and forms interest groups.
Markets lead to prosperity, free choice and are peaceful.
They give continuous signals for producers and consumers. Command economies are inflexible and can't adjust. A free market threatens values such as community. Markets are not self-regulating, lead to bad choices, and sometimes to chaos and slump. Free markets lead to monopoly, which can charge high prices, give poor service, and reward with high salaries not linked to performance.