Our social attitudes, and our economic institutions – from the welfare state to the commercial legal system – depend on the increasingly tenuous distinction between nature, nurture and personal responsibility.
Is the third way simply an eclectic compromise which offers to drop any unpalatable bits from the familiar ideologies of far right and far left? I argue that if there is a third way, this is not where we will find it.
The view of business as necessarily selfish, narrow and instrumental, is, as it always has been, nonsense. Business which is selfish in motivation, narrow in outlook, and instrumental in behaviour is rarely successful business.