At the general election, the Labour party attempted to fight a deeply ingrained narrative about Brexit with appeals to economic interest. It offered “money in your pocket” in opposition to deeper values. It didn’t work. Thursday's defeat raises serious questions about the party's strategy and direction.
History is filled with cases of left wing governments whose economic plans were sunk by the disciplinary power of global financial markets. With the very real chance of the Labour Party winning any forthcoming general election, would the same happen to them? In this article, Scott Lavery analyses the current conjuncture of global capitalism to see what room to maneuver Corbyn's Labour would have.
Without winning the vote, Jeremy Corbyn won the election. Raising Labour’s vote by the biggest margin since 1945, to 40 per cent, he added thirty-three seats to Labour’s total, when almost all pundits expected a Tory landslide.