The Guardian recycles the story about forming a new centrist party and much of the comment is about whether this will damage Labour as the formation of the SDP did in the 1980’s. I wonder? One of Blair’s successes was picking up on the fact that the Tories had lost the trust of business. We are today in a world where British capital is losing faith in the Tories ability to represent them. The Tories, when they think about it at all, rather than their game of thrones, seem to think that the dilettante capitalism of the hedge funds, rentiers and speculators is all that counts. One can assume that this pro-capitalist force in society cannot see how to make an accommodation with Corbyn’s Labour but it’s their loss of faith that the Tories can give them what they need that is driving this.

Failing flanks and the new centrism
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