LABOUR’s review of its internal structures “has the potential to change the world’s prospects in the 21st century,” Marxist academic Leo Panitch claims.

In a video circulated by left grassroots group Momentum, Toronto’s York University professor Mr Panitch, an editor of the Socialist Register journal, said the affect of the shake-up should not be underestimated.

Labour leader Jeremy Corbyn has commissioned former MP Katy Clark to conduct a root-and-branch review of party structures, many of which were hollowed out under Neil Kinnock and Tony Blair’s leaderships.