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This trenchant account of the last twenty-five years of the British Labour Party argues that Tony Blair's modernizing tendency was profoundly mistaken in asserting that the only alternative to traditional social democracy and narrow parliamentarianism was an acceptance of neo-liberalism. In blaming the Labour left, rather than the social-democratic right for the party's years in the electoral wilderness, the modernizers rejected the creativity and energy which the party's New Left had mobilized, and without which their own professed aim of democratic renewal was unlikely to be realized.