ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A Jeremy Corbyn Proposal

People's Quantitative Easing

The Labour Party of the United Kingdom (UK) was defeated in the 2015 general elections on 7 May. The next day, the leader of the party, Ed Miliband, resigned from his post and triggered the 2015 Labour Party leadership election. The election concluded on 10 September and the result was announced on 12 September.

The winner was Jeremy Corbyn, a self-described democratic socialist whose admiration for Karl Marx became public knowledge after he was nominated on 15 June. Despite being with the party for many decades and a Member of Parliament since 1983, Corbyn had been virtually unknown prior to his nomination. Even running for the leadership was not his idea. He was persuaded to run by a small group of leftists who felt that the other three candidates did not represent the political views and wishes of the grass roots of the party. Initially considered an underdog who barely made the nomination deadline of 15 June, he won 59.5% of the vote in the first round of an election that had an unusually high turnout of 76%. A landslide victory. Corbyn is now the leader of the main opposition in the UK.

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