Following Hegelian dialectic, Karl Marx formed dialectic materialism. Through an evolutionary process, in the end there will be an stateless, classless of freely associated producers. Alexandre Kojève believed that United States represented Right Hegelianism while former Soviet Union represented Left Hegelianism.
According to Kojève, the final political and economic system will be a synthesis of socialism and capitalism. Frances Fukuyama, on the other hand, is of the opinion that free-market democracy will prevail and the Ideological conflict will end. This will bring the End of History from an ideological perspective.
When the car breaks down what do we do? When the plumbing leaks, what do we do? We fix them! When an ideology fails what do we do? We change it! Communism failed in the Eastern bloc and was replaced. Fascism failed in World War II. It is virtually nowhere in the world and has little popularity. Social democracy is not doing well at all in most European countries.
Capitalism has failed again and again and again. The financial crisis in 2008 was another failure of capitalism. Capitalism has not only failed for the great crises it creates. It is constantly increasing income and wealth inequality. It creates poverty, especially in times of crisis. Unemployment is low in growth periods but jumps in times of recession. The kind of parliamentarianism that has prevailed, constantly creates conflict and hatred in society and gives power to a small minority.
None of these Ideologies can be the Final Ideology because they have all failed. The Final Ideology will be between the dominant ideologies. The question is what combinations of elements will the final Ideology have. As it was explained there is not only one center but many, the combinations are infinite.
Final ideology must give solutions for the weaknesses of the capitalist system, namely the issues of poverty, income inequality and steep business cycles. Additionally, it should put an end to the rivalry and hatred that the prevailing kind of parliamentarianism creates within society. At the same time, it should take advantage of free markets’ positive aspects. Lastly, it should give freedom in choosing between different types of economic entities regarding ownership.
The dominant ideologies in Europe are those expressed by the European People's Party (EPP) and the European Social Democrats (S&D). The third dominant ideology in Europe is that of ALDE. ALDE occupies the space between EPP and S&D. On social issues it is close to S&D and in economics further right than EPP.
Third Way is a mix of social democratic, liberal and conservative elements. Economically it represents a compromise between capitalism and socialism, while politically it is placed between modern liberalism and democratic socialism. Third Way are moderate US Democrats, British Labor Party under Tony Blair and the Italian Democratic Party of Matteo Renzi. They are regarded centrists with left divergence.
An ideology between Democrats and Republicans was that of the Reform Party, which in 1996 received 8%. They were considered centrists with right divergence. The Fourth Political Theory is a book written by Russian political scientist Alexander Dugin, in which the foundations of a new political ideology are put. The fourth political theory integrates and replaces liberal democracy, Marxism and fascism.