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I had a similar discussion with a long standing friend who is an eminent Professor. He was totally dismissive of Corbyn and his line was that the electorate in this country does not really want socialism and have repeatedly rejected it. Most people are well off under capitalism and benefit from the fact that globalization and neo-colonialism benefits those in the developed world and do not want to upset the applecart. The fact that a few rich people get richer and that politicians benefit from these arrangements do not seem to matter to the average voter.
The same voters will welcome policies like privatization of the railways, and the universal benefit of the NHS but look no further at the policies of the parties. Combined with the total control of the media by a handful of billionaires and a state run corporation, there is no hope that anything will change soon.