All those £3 Tories and the Telegraph who schemed on a 'wicked' plan to get Corbyn into leadership may regret their folly. Corbyn of course won on the back of a genuine Labour wave to steer back the party to its original mission. Contrary to the warnings of 'New' Labour, Corbyn is likely to confound e pundits and win the next elections.
If Corbyn holds his nerve and he wins the next election, he may repeat history of the first postwar Labour Government which introduced enduring socialist policies in Britain. Corbyn's Government could entrench a second wave of socialist institutions in the State system to cope with twenty first century. His shadow chancellor, John McDonald is a feisty and determined intellect in himself.
Corbyn is no Miliband. He has charisma and a presence. These are invaluable assets in democratic politics. Secondly he is not influenced by focus groups or media pressure both of which disorientated Miliband's otherwise formidable intellect. Miliband felt it necessary to turn on the Unions and concede the 'austerity' argument. His offering to the public was 'Austerity with a human face' a contradiction in itself.
Corbyn's main focus is likely to be growth and redistribution. He will fire at the bankers and the fat cats. He will tear apart Osborne's narrative of blaming the economic downturn on Labour and challenge Osbornomics squeeze on the middle classes while making the rich super rich in the name of Austerity. Corbyn will point the finger right where Brown should have done, the bankers and the financial markets. Had Brown taken a couple of Banker scalps, he may have won that election. Jeremy Corbyn wont show mercy. Rebels make merciless dictators when in power.
The main apprehension about Corbyn is whether he can govern and keep Labour united. Those who doubt his skills know him from a distance and base their assessment on caricature. Those who know him close have seen a man with a very cool mind, determination and able to persuade and govern almost flawlessly.
Corbyn heads the NGO Liberation, an organisation full of emotionally charged Freedom struggles around the world. Yet under his managing skills, this organisation has worked smoothly with occasional tensions with the countries whose human rights Liberation has exposed. Even when threatened with expulsion from UN consultative status by India, Liberation under him made the appropriate adjustments to shrug off this danger with ease.
He has an uncanny ability to handle and control the most difficult situations. He will show this skill immediately at the PMQs where he is likely to reign in Cameron's play ground style. The debate will be on his terms rather than on Cameron's bullyboy terms. If he manages to turn around this decades old style, he will dominate politics.
As for his other wild policies in the areas of foreign policy, he is likely to surprise the pundits. He is not as much of an ostrich with head in the sand as the media has been portraying him. He will compromise on these and will be flexible on many foreign policy issues.
But he is likely to draw back the British War machine much to the anger of those institutions perpetually eager to join a scrap anywhere in the world and who write imaginative reports on 'imminent' dangers from as remote as South Pole. The need to review British engagement in foreign wars is a much needed change in post colonial British Foreign policy.
It is Europe where he may triumph most. The surge towards UKIP by the English working classes has not been properly understood by Labour. The English working classes have seen their lives affected by the migrant white labour from Easy Europe who have displaced them in predominantly white areas in England. Asian and Black labour never made much inroads in white areas, but the East Europeans did. It is not racism, but livelihoods that have driven many a working class vote towards UKIP. Corbyn has cleverly made isolationism as anti -capitalism.
Corbyn is riding on a wave of disaffection with capitalism. Capitalism is a harsh way to prosperity that strips apart communities and crushes the weak. People are rightly fed up having to live in insecure rented accommodation, counting every penny in the 7th largest economy of the world and seeing their children crying for basics such as healthy meal.
Which leaves the rebellion from the unrebellious. The centre ground Blairites and the 'pragmatists' who think they know the 'nerve' of the British electorate and yet lost two elections, are the ones who will join Tory attempts at unseating Corbyn. Not because of their ideological commitment but because many know their careers are at an end now. Unlike his predecessors, Corbyn is not going to be influenced or bullied by these hangers on from a receding Thatcherite era.
The £3 investment by those clever Tories might end up being the most expensive own goal they have scored. Corbyn may end up being Telegraph's boomerang. The next two years are going to be a real battle ground between Capitalism and socialism and an exciting time both for Britain and the world. Much is likely to change. Meanwhile wait for Osborne to be doing complete U Turns after a little bravado. The media might feel powerless.