"Yet Corbyn has not just survived but is starting to develop consistent policies that are very far from unpopular. Perhaps most interesting is the challenge to the government’s there-is-no-alternative-to-austerity stance, which is made more relevant by the widespread public anger at the huge levels of tax avoidance. It is worth noting that this is one key area where those close to Jeremy Corbyn have a strong record, especially John McDonnell. The seminal book by Nicholas Shaxson on tax havens, Treasure Islands, points out that McDonnell has one of the strongest records of any member of parliament in opposing the extraordinary lobbying power of the City of London.
In short, the argument is gathering force that Jeremy Corbyn is ahead of the times not behind them. The crucial question for Labour's future is whether many Labour MPs, now sunk in dismay and frustration, can grasp this. If they do, and then help forge a stronger challenge to the Conservative government, then all bets over Britain's political future will be off. "