The "Third Way" is just another name for neoliberalism, which started around 1980 in the US as a response by the very wealthy to the gains in the postwar period, basically it was a pushing back of progress and a set of policies that have successfully reconcentrated wealth at the top, A big portion of the agenda of neoliberalism is disinvestment by governments, transfer of wealth to corporations, disinvestment is also known as privatization- Liberalisation is both privatization and the elimination of regulations, public ownership of anything if framed as another regulation and as a taking from the rightful owners which are claimed to be the business sector, corporations.
So "third Way" activities are focused on privatization and funneling public resources to private entities as efficiently (meaning by spending less on wges and other things) more profits. ("maximizing the value in the supply chains"
It promises the elites and the upwardly mobile, educated members of the haves in the have not developing countries access to the markets in the developed countries, jobs especially.. By doing that it pushes down wages of the middle class and maximizes profits.
Bill Clinton is globally associated with neoliberalism, more than any other American
Similarly with Obama- both are neoliberals- So is Hillary.
What is neoliberalism? See:
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