[MTVN]

It's silly to think that you could just resuscitate Labour's socialism of decades past and now apply it to today's world. Things have changed immeasurably and if socialism is to have any credibility it needs to adapt to that and show why it can still be relevant. This article from the New Statesman puts it well:

If Ed Miliband addressed his campaign to a non-existent country, Corbyn addresses a non-existent world. At the present time, Cuba is opening the door to the US and a capitalist Vietnam has been discussing military co-operation with the US defence secretary; Iran seems to be seeking some kind of rapprochement with the Great Satan; Russia is ruled by a type of authoritarian crony capitalism, propped up by nationalism and the Orthodox Church, which despite sanctions and a weakening economy appears to enjoy wider popular support than the Soviet system did at any point in its peacetime history; China’s rulers are struggling to keep their experiment in capitalism on track, watched uneasily by western governments whose own versions of capitalism depend heavily on China’s success; while Venezuela is sinking into poverty and chaos under the impact of low oil prices and endemic corruption.

In these conditions, the notion that Britain can strike out alone on a path to socialism is a triumph of whimsy. What would socialism mean? Even if the current phase of globalisation goes into reverse, the technological advance that drives economic change will not slow down. How would eBay, Amazon and Airbnb fit into a Corbynist Britain?

http://www.newstatesman.com/politics...cs-catastrophe