
Flickr/ Chris Beckett. Some rights reserved.
A profound irony animated the Labour leadership contest. Jeremy Corbyn was positioned by the Labour establishment and conservative press as the throwback to failed ‘80s socialism.
Yet, despite his elderly appearance, his policies are in principle the vanguard of progressive thought. Young supporters flocked to him not out of some misguided left wing nostalgia, but because he speaks to the progressive clarity that has emerged since the global financial crisis. The fall of Lehman Brothers not only exposed the systemic threat of unregulated markets, but also the broad decoupling of business and societal interests.