The decline of left-wing political parties in Europe must now be fully recognized. The French Socialist Party came in fifth place in April’s presidential election, the Dutch Labour Party came in seventh place in March’s parliamentary election, both with around 5-6 percent of the popular vote.

We should not be under any illusion that the British Labour Party will be saved from a colossal defeat in the upcoming U.K. general election, as Jeremy Corbyn and his colleagues drag the party, kicking and screaming, to the far left of the political spectrum.

The Labour Party has been an incredibly influential political force in British politics for almost a century, with the exception of the dark days of the 1980s under the leadership of Michael Foot and Neil Kinnock.

That being said, the party has been in slow decline since peaking in its glory days under Tony Blair. The Labour Party thrived when it seized the center ground, moving away from its infatuation with socialism and focusing instead on pragmatic issues and pro-growth economics.

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