Full Corbynism: Constructing a new left Political Economy beyond Neoliberalism

by Joe Guinan and Thomas M. Hanna

[I’m working on a followup to my previous outings on Corbyn, the Labour Party and the left, to be published shortly. I am still not convinced that Corbyn can so transform the Labour Party as to effectively make a new political formation out of it, that will, in turn lead us out of this nightmare toward real socialism but we’ll see. In the mean time, check this hymn to Corbyn out: ‘Full Corbynism: Constructing a new left Political Economy beyond Neoliberalism’. WB]

‘There are three stages’, Sidney Webb wrote in a Fabian Society pamphlet in 1890, ‘through which every new notion in England has to pass: ‘It is impossible: It is against the Bible: We knew it before’.’[1] This month’s sensational election result means that Corbynism is now rocketing toward the latter stage, consolidating its position as the new common sense on the left of British politics. Granted, Jeremy Corbyn’s Labour didn’t win. Outright victory on 8 June was never likely given the party’s weak prior standing, and would have required a seismic shift far greater than could reasonably be expected in a landscape fractured and divided by Brexit. Nevertheless, what Corbyn and his team pulled off – against all odds, and in the teeth of an overwhelmingly hostile media and continual sabotage from within – is truly remarkable. The Labour Party is now a government-in-waiting, poised for the next General Election, which could come at any time and could easily carry Corbyn into Downing Street as Prime Minister.

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