Jeremy Corbyn's victory yesterday in the Labour leadership election sounded the death knell for his party. Although I am hardly going to mourn the demise of the Labour Party, I am concerned that there is no credible opposition in British politics at a time when this is desperately needed. Just as a lack of competition in monopolistic markets results in economic inefficiency, the UK's de facto one-party state will likely lead to complacent and ineffective government. The British people will have to rely on the Tory liberals now led by former Chancellor George Osborne from the back benches for the necessary scrutiny of Prime Minister May's administration.
http://www.telegraph.co.uk/…/corbyn-wins---and-owen-smiths…/
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