I have a lot of hope, but I also read about how François Mitterrand was elected as the leader of the Socialist Party in France in the early 80’s on a pretty radical program, when the rest of the West was moving in that neoliberal direction, and the financial markets attacked him and exacerbated any mistakes that he made. For a good background on this, read “States and the Reemergence of Global Finance” by Eric Helleiner. Highly pertinent. He could have radicalized his policies further, especially in regards to financial capital, but for complex reasons he didn’t. Any rate, I think that it is entirely possible to implement a radical program now, especially given that the neoliberal economic model has been in place for decades, unlike at the time of Mitterrand when it was in its ascendency, and it has clearly failed. So, if the powerful and big capitalists completely undermine popular programs now when they are already largely hated and those programs are clearly popular, it will further radicalize people and they may call for even more radical measures in response. In that regard, we’re more in the realm of the 1930’s, when capitalists allowed for a host of policies that they otherwise wouldn’t have because the alternative was even more radical. However, Corbyn has to be up front about the path they are going to undertake and needs to be honest about the challenges they will encounter if he is elected. That way, when those challenges arrive, the people know why, know who they should focus their energies on confronting, and understand why the difficulties are happening. If they don’t, the right wing will, as usual, lie and manipulate people.
What I do know is that the WTO and these trade agreements are structured in a way that makes an equitable economic system impossible and they undermine our ability to effectively deal with the environmental crisis and they undermine our democracy. I have long thought that they were not socially or politically feasible in the long-term, and it’s increasingly clear that they are not capable of dealing with the environmental crisis. We need radically different ideas and institutions. The dominant ones have failed and are a relic of the past.