There is no alternative
There is no alternative (shortened as TINA) was a slogan often used by the Conservative British Prime Minister Margaret Thatcher. In economics, politics, and political economy, it has come to mean that "there is no alternative" to economic liberalism—that free markets, free trade, and capitalist globalization are the best or the only way for modern societies to develop.
According to TINA, economic liberalism is the only valid remaining ideology. However, as is usually the case with propaganda there is little substance behind this statement. Alternatives exist, such as the social market economy which unites the freedom of choice provided by capitalism with the societal and social responsibility of socialism in order to create a utility maximising alternative.
In the early 1990s, Francis Fukuyama wrote a book called The End of History and the Last Man, which in a similar vein argued that liberal democracy had triumphed over communism and that the historic struggle between political systems was over (although there could still be future events).
- Economic system
- Pensée unique
- Washington Consensus
- There Is No Alternative: Why Margaret Thatcher Matters - biography of Margaret Thatcher.
- Social Statics (1851), pp 42, 307.