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Columnists > So far, Corbynism has failed to measure up to its billing as a radical alternative

14 January 2016 | by Clifford Longley

So far, Corbynism has failed to measure up to its billing as a radical alternative


 
Why did the revolution never happen? After the catastrophic breakdown in the world free-market financial system in 2008, it was widely predicted that the Left would seize the opportunity this offered. Nothing could have been further from the truth. With a few exceptions, across the Western world left-wing political parties lost ground and their conservative opponents were strengthened. Free-market capitalism remained the predominant system. One thing that did happen, however, was that confidence in politicians took another hard knock. They did not see the crash coming, nor, so far, have they prevented it happening again. The impression that they were “in it for the money”, and were not averse to cheating, was already widely believed. Along with the impression that no politicia




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User Comments (1)

Comment by: David Murray
Posted: 17/01/2016 08:17:36
Corbynism is radical in that Corbyn is opening up debate, is opposing TINA: austerity and is reminding right-leaning Labour MPs of what the Labour party was founded for. During 5 years of Miliband there was little if any significant opposition to austerity. During 3-4 months of Corbyn opposition to austerity is beginning to stir. While politicians didn't see the crash coming, an adviser to Corbyn did. Ann Pettifor forecast the 2008 crash and is now one of a group of economists offering advice, to Corbyn's Labour party, on alternatives to austerity.
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