Abstract
No one recently in Britain should have been surprised by the results of the October General Election. It was all too painfully apparent that the Labor Party had neither the leadership nor policy capable of arousing the enthusiasm of a populace intrigued by its first taste of a consumption economy. It is undoubtedly premature to interpret the results of the election as spelling the doom of the Labor Party. It still has over 12 million voters and holds 258 seats in the Parliament. Yet the fact remains that the Conservative victory, the third in a row, was an unprecedented event in British politics, and for the fourth time there was a decline in Labor's share of the total vote.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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