AUTHOR´S EDITORIAL 21/02/2002
What is THE THIRD WAY?

The concept of THIRD WAY takes shape in the Company Contract

Preliminary analysis

The term Third Way is used as an intermediate expression between two concepts, as if it were a type of arbitrage.

World leaders in the political, economic and intellectual fields answer to the echo of the name, without having been able to define it because of its complexity, and each one explains it in their own way because their points of view have a common denominator: they start from the analysis of the political options to search for the exact point in which they can locate the third way, but they do it in subjective terms and, in these conditions, there can be no unanimity of criteria. They discuss the bases of the new center left classified as the third way, looking for what can be its ideological and intellectual support. We have, then, an indication that the third way wants to be a political trend, an attitude or a form of governing that moves between the center and the left. I think that if we look for social justice and really work towards the economic well being of the citizens, the third way cannot represent a fraction of the social body; and therefore, it must have a neutral character. The qualifiers of the right, left and center are valid terms in defining political organizations but, today, this is not sufficient. In the political theory, there are as many interpretations of the economy as we want to give, but in economic theory, destined for the people, only two groups are possible: those that provide work and those that accept work. In this relationship ideological distinctions have no validity and, therefore, the third way cannot be a political term because its structure is exclusively economic. The third way is not a political alternative, it has its own identity and pursues an economic option.

My Third Way is the expression of a new concept of a labor pact in which the workers are identified with the companies, where work and capital operate together, forming a company. It is a new relationship in work, without the clash of interests of collective bargaining. Therefore, I consider it incongruent to look for ideological and intellectual support that identifies such a project, because it is a political project with a strictly economic base that excludes the distinctions of the right, left or center. The third way consists of obtaining the maximum productivity and profitability in the companies and achieving 50 percent of the results for the workers, as owners of 50 percent of their respective business activities.

This concept, basically of an economic character, politically neutral and socially global, does not resemble at all the third way that tries to hoist British laborism in search of a new identity, a search that is extinguishing, absorbed by the daily political tasks, with more attention to the convenience of the group than to the consolidation of the welfare state. My third way has as immediate solution of the creation of employment on a large scale, a strong economic push with the unlimited construction of houses to cover all the needs, and the strengthening of the public coffers with almost inexhaustible resources because they come from accumulated work. I ignore the ideologies of the political parties, as irrelevant, and I limit myself to channeling and utilizing, today, the wealth created by the future work of millions of human beings, so that they also enjoy, also today, a well being that will be comfortably paid for with tomorrow’s work. A species of credit card that facilitates buying and paying comfortably.

THE THIRD WAY is an economic Project without rhetoric or political overtones. A project directed at all of society without distinction of races, religious beliefs or political preferences. A project aimed at providing stable work with more than enough income to create economically independent nuclear families. This liberty, based on work, will lead to a happy, creative and dynamic society.
In an abstract form, the States support the following financial imbalances:
1. Deficit budgets.
2. Asphyxiating public debt.
3. Expensive social benefits: (unemployment, accident, retirement health pensions.)
4. Deficit of social housing.
5. Insufficient allocations to Research and Development.

Therefore, the Budgets of the States have in common the deficit, the adjustment of the expenditure items, the decrease in productive investments and the increase in fiscal pressure.

The causes are simple: in the coffers of the Nation there is not sufficient money to attend to all the necessities, which indicates that the traditional methods of budget balancing have ceased being effective. They should look for new sources of income, outside the concept of taxes, fees, loans or selling assets.

THE THIRD WAY depends on the constant repetition of cycles with three unchangeable components: work, production and consumption. Production is a consequence of work and this production is consumed with constant work. In each cycle wealth is created and the workers, besides receiving their salary, will receive half of the wealth created as owners of half the capital of the companies. In synthesis, this is THE THIRD WAY as a solution of problems.

Permanent work is achieved with the UNLIMITED CONSTRUCTION OF SELF-FINANCED HOUSES, that is, with ZERO cost for the State.

With the unstoppable strengthening of the construction industry, great free FINANCIAL RESERVES appear for immediate disposition to stimulate the creation of new industries with their own cycles of work, production, consumption.

Part of the reserves achieved in the construction of houses serve to finance 50 percent of the capital of the companies so that the workers are co-participants in the ownership of the means of production. Consequently, the relationship of the workers with their respective companies will not be through a Work Contract but rather through a COMPANY CONTRACT.

Next Editorial March 1, 2002
“Social Doctrine of the Church, instigator of the Company Contract”

To see ALL the editorials at the end of CONTENTS, in the first page.

PUBLISHED EDITORIALS:

1. GLOBALIZATION. MONTANER TAX versus TOBIN TAX
2. S.O.S. ARGENTINA. Emergency
3. GLOBALIZATION y THE THIRD WAY
4. What is THE THIRD WAY?

Francisco Montaner


Globalizing housing with zero cost