Corbynomics: can it work?
Labour leader Jeremy Corbyn and shadow chancellor John McDonnell are championing economic policies that challenge the neoliberalism of the past four decades. Simon Guy argues that to make them work will require not just reforms in parliament, but workers' struggles from below.
‘What’s happening?’ Corbyn asked a young man with a ‘CORBYN OUT’ placard. ‘He’s refusing to give free gap years and iPhones to the under-25s’. ‘CORBYN OUT!’ Corbyn shouted. ‘DOWN WITH CORBYN! END THE CORBYN JUNTA NOW!’”
The Daily Telegraph’s depiction of a delusional, childish movement forever unsatisfied with so-called economic realities tries to distract from the key reason for Jeremy Corbyn’s rise — that he represents a popular break with austerity.