Had the General Election gone the other way, then the response to the present crisis would have been more or less the same.
Everything that Jeremy Corbyn and John McDonnell have been saying forever about how global capitalism would collapse is coming true, yet Labour's sellout over Brexit has cost it the chance to be in government.
But there is really only one possible response to that collapse, so the tragedy is only for the Labour Party, which is the smallest of things in the great scheme.
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