That's an interesting point and I'm inclined to agree with you there. I don't know if it's an urban legend or not, but apparently when Thatcher was questioned on what her greatest acheivement was, she answered 'New Labour'.

It's a real shame what the options have been in terms of electable leftist parties and policies in the past few years, so I'd very much agree with you. As to what Corbyn is going to do about it, I don't know, but I'm not a pessimist in this regard.