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McDonnell says left has failed to keep up with ‘evolution of capitalism’

JOHN McDONNELL has said that the left has failed to develop a winning strategy to transform society in the face of quick-changing capitalism that is heavily influenced by technology and media.

The shadow chancellor launched a seminar programme in Westminster today to discuss the future direction of Labour after the party’s general election defeat.

He said Labour needs leaders and a movement which understands the changing economy, the fourth industrial revolution driven by technology and the society in which it operates.

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