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Labour's defeat in 2010 has not produced the in-fighting and disarray typical of previous periods of opposition, and by 2012 with the Coalition in disarray the party appeared on course for an early return to government. But Labour has not yet fully articulated a new sense of purpose
or direction, particularly in relation to the most serious economic impasse since the 1930s. Labour and the Left need to find a way to acknowledge the achievements as well as the failures of the New Labour period, while responding to the altered political landscape in the aftermath of the
financial crash, by creating a new strategy for government and a new strategy for winning power and conducting politics. Three areas requiring a radical rethink are the constitution, cultural politics and the economy. The Left above all needs a new analysis of capitalism, and policies to transform
it which can promote more a more equal and more sustainable society and create the conditions for long-term recovery.
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