Jeremy Corbyn Labour Party Analysis

Since Jeremy Corbyn became the leader of the Labour party he has expressed very socialist views on economic, social and defence policies. Socialism is a form of society in which the government owns or controls major industries. Marxist theory says socialism is the transitional stage between capitalism and communism. It is Jeremy Corbyn’s intent to abandon new labour and return to more traditional socialist values. Labour abandoned their tradition socialist ideologies in the early 90’s under the leadership of Tony Blair after experiencing a series of defeats in the eighties as they were thought as too left-wing and progressive. New labour is more central with their policies but since Jeremy Corbyn was elected leader he has introduced policies …show more content…
Jeremy Corbyn has expressed an agreement and understanding of John Maynard Keynes view that the economy is to distribute wealth and time in order to improve the lot of everyone and that by reducing the working week to 15 hours was a clear outcome of an economy that is effective, high-tech and essentially for the benefit of the public. This was a view held almost a hundred years ago and since Corbyn became the leader of the Labour party this attitude is back on the political agenda. Many people are now beginning to regard Labour as the party of the future due to their radical views on this area with the aims of fixing a system that no longer works. We are living in an ever developing technological world which Corbyn recognises is a deepening issue that has to be addressed with the introduction of many new automation techniques set to replace many jobs. Corbyn and the labour party accept that employment will never be the same again, acknowledging the possibility of a loss of 30% of UK jobs at high risk of automation in the coming decades. As automation is a cost-saving change it will not be in the interest of wider society but rather only really 0beneficial for profits of large businesses. Therefore this does not fit in with socialist beliefs as they want to benefit as many people as possible and in this place is where Jeremy Corbyn’s radical proposals lie. He believes …show more content…
This depends on how you define socialism as The Socialist party would say that socialism is a worldwide social system in which production will only take place to meet human need. Socialists argue these principles do not match up with Corbyn’s politics as he is all about the proclamation of piece-meal reforms, nationalisation policies, Keynesianism in economics, government interference in the markets and vigorous taxation on the rich. They feel this means he offers no fundamental change to society so capitalism remains intact and capitalism is not supported by socialists. It appears that the eradication of capitalism doesn’t come into the equation for Corbyn. This leaves issues such as material production and exchange for profit, class mistreatment, the wage system and nation states undisputed. Corbyn would rather see a more fair controlled system than to abolish