The Labour Party is almost entirely owned by the public sector and has ‘critically underperformed’ against the privately owned Conservative competition for almost half a century.
The Labour party has only won three elections in the last fifty years and that was when they entered into a partnership with the private sector. Now that arrangement has ended they have returned to the ‘closed shop’ and wasteful policies last seen in the 1970s.
For it to survive it needs a considerable injection of funds which the public sector is unable to provide, even with their recent attempts to reach out to supporters of opposing parties by letting them vote for Jeremy Corbyn.
The only way to get the Labour Party the investment it needs to make it fit for purpose in the 21st Century is to remove it from the dead hand of public ownership.