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Centrism is of vital importance today because the global economy is in — Centrism

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"Centrism is of vital importance today because the global economy is in a terrible meltdown — perhaps worse than any cyclical slump since the Great Depression of the 1930s. Alas, many textbooks have strayed too far toward over-complacent libertarianism. They joined the celebration of free-market finance and supported dismantling regulations and abolishing oversight. The bitter harvest of this celebration was seen in the irrationally exuberant housing and stock markets that collapsed and led to the current financial crisis. The centrism we describe is not a prescription that is intended to persuade readers away from their beliefs. We are analysts and not cult prescribers. It is not ideology that breeds centrism as our theme. We sift facts and theories to determine the consequences of Hayek-Friedman libertarianism or Marx-Lenin bureaucratic communism. All readers are free to make up their own minds about best ethics and value judgments. … The follies of the left and right both mandate centrism. Tightly controlled central planning, which was widely advocated in the middle decades of the last century, was abandoned after it produced stagnation and unhappy consumers in communist countries. … Only by steering our societies back to the limited center can we ensure that the global economy returns to full employment where the fruits of progress are more equally shared."
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Centrism
Centrism
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Centrism is the range of political ideologies that exist between left-wing politics and right-wing politics on the left–right political spectrum. It is associated with moderate politics, including people who strongly support moderate policies and people who are not strongly aligned with left-wing or right-wing policies. Centrism is commonly associated with liberalism, radical centrism, and agraria

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"I must confess that over the past few years I have been gravely disappointed with the white moderate. I have almost reached the regrettable conclusion that the Negros great stumbling block in his stride toward freedom is not the White Citizens Counciler or the Ku Klux Klanner, but the white moderate, who is more devoted to "order" than to justice; who prefers a negative peace which is the absence of tension to a positive peace which is the presence of justice; who constantly says: "I agree with you in the goal you seek, but I cannot agree with your methods of direct action"; who paternalistically believes he can set the timetable for another mans freedom; who lives by a mythical concept of time and who constantly advises the Negro to wait for a "more convenient season." Shallow understanding from people of good will is more frustrating than absolute misunderstanding from people of ill will. Lukewarm acceptance is much more bewildering than outright rejection."
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"What we have to realize is that what was on the line here was my position of a strong national defense, my position of peace with honor in Vietnam, my position of opposing, for example, busing for racial balance, my position against permissiveness, amnesty being part of that, against legalizing marijuana, being part of that. All of these things were involved. Now, having said this, however, this does not mean that my position is over on the far right. Basically it means my position is simply in the center. In the field of foreign policy, I think most people would describe my position as being that of a centrist. In domestic policy, if you look at the Nixon proposals in the first four years—and I can assure you that when you look at them over the next four years, this will be known as an Administration which advocated—and if we get proper support in the Congress after the election, was able to accomplish—more significant reform than any administration since Franklin Roosevelts in 1932; but reform in a different direction. Roosevelts reforms led to bigger and bigger power in Washington. It was perhaps needed then. The countrys problems were so massive they couldnt be handled otherwise. The reforms that we are instituting are ones which will diffuse the power throughout the country and which will make government leaner, but in a sense will make it stronger. After all, fat government is weak, weak in handling the problems."
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Centrism