Gordon Brown: Regulatory Failure and Keynesian Response

Welcome to the third and final part of the story of the Labour Party, from Keir Hardie to Keir Starmer.

Margaret Thatcher’s first election victory in 1979 initiates Labour’s longest period in opposition and its deepest identity crisis: Bennites to the left, SDP defectors to the right. After Michael Foot leads Labour to its worst vote share since 1918, Neil Kinnock takes on the long and painful job of rebuilding the party in the face of Thatcherism. Following another two defeats, the task of modernisation passes to John Smith but his sudden death enables Tony Blair and Gordon Brown to go even further, determined to transform the party and erase the trauma of 1983.

Labour’s spectacular 1997 landslide seems to confirm the agenda of New Labour and the nebulous political project known as the Third Way. But its many achievements are limited by its caution, duelling egos and ideological vagueness. Is Labour still a socialist party in any meaningful way or has it disowned too much of its heritage? By the time Brown becomes PM in 2007, New Labour is exhausted and rudderless.

History repeats itself: another heavy defeat, another pivot to the left. When Jeremy Corbyn replaces Ed Miliband, the left is in charge for the first time in 80 years — the revenge of the Bennites — but Labour’s fortunes are hostage to the chaos of Brexit. An impressive advance in 2017 turns into a crushing humiliation in 2019. New leader Keir Starmer mounts a speedy recovery but soon finds himself desperately unpopular: accused of squandering a remarkable comeback by lacking vision and waging an unprecedented war against the left. With new challengers to the left and Nigel Farage’s Reform UK threatening to form the most right-wing government in British history, the stakes are once again existentially high.

How did Thatcherism cast Labour into the wilderness? How did Neil Kinnock make the party viable again? Did Tony Blair ever develop a coherent theory of progressive politics? Could Jeremy Corbyn ever have succeeded? Why do Labour’s left and right keep making the same mistakes? What can Labour’s history tell us about Keir Starmer’s current problems? And is it still a party of democratic socialism?

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Reading list

Histories

• Andy Beckett – The Searchers: Five Rebels, Their Dream of a Different Britain, and Their Many Enemies (2024)

• Jon Cruddas – A Century of Labour (2024)

• Ian Dunt and Dorian Lynskey – Centrism: The Story of an Idea (2024)

• Simon Hannah – A Party with Socialists in It: A History of the Labour Left: Second Edition (2022)

• Owen Jones – This Land: The Struggle for the Left (2020)

• David Marquand – The Progressive Dilemma: From Lloyd George to Blair: Second Edition (1999)

• John O’Farrell – Things Can Only Get Better: Eighteen Miserable Years in the Life of a Labour Supporter (1998)

• Gabriel Pogrund and Patrick Maguire - Left Out: The Inside Story of Labour Under Corbyn (2020)

• Martin Pugh – Speak for Britain! A New History of the Labour Party (2010)

• Andrew Rawnsley – Servants of the People: The Inside Story of New Labour (2001)

... Reading list continues on Patreon

Written and presented by Ian Dunt and Dorian Lynskey. Producer: Simon Williams. Music by Jade Bailey. Art by Jim Parrett. Logo by Mischa Welsh. Group Editor: Andrew Harrison. Origin Story is a Podmasters production

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