Abstract
This article is an analysis of Anthony Giddens' attempt to articulate a globalization-friendly alternative to traditional social democracy (the `old' Left) and neo-liberal market fundamentalism (the `new' Right). Specifically, I focus on Giddens' insistence that globalization is not merely an economic phenomenon but also, and more profoundly, a political and cultural force of `time-space distanciation'. Whereas Giddens conceives of a direct causal connection between the disembedding forces of globalization and outcomes of democratization, I argue that such a conception is deeply flawed. Indeed, rather than develop a politically useful explanatory social theory of the complex relationship between globalization and democracy, Giddens' `third way' theorizing merely hypostatizes the former by invoking it as a cause of the latter. I provide a series of arguments designed to highlight the weaknesses of Giddens' position, and conclude by questioning the general thesis that underlies Giddens' account of globalization.
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