"third Way" Discussion

In the late period of 1990's, the theory of "the third way" began to spring up in the western world and cause string response in west society. The theory of the third way of the social democracy is mainly researched in the thesis. The article first defines "the third way", then analyzes under what kind of conditions it was created, thirdly, introduces the main contexts of "the third way", finally, makes the valuation on the contexts, states the outside challenges of the theory of "the third way" facing and its shortcoming. The purpose of the article is to guide people to pay more attention to the development of the capitalism and the research deeply to the problems facing the human in 21 century and the trend of the human's future.