This article, written in December 2016 following the election in May 2016 of a majority Conservative government, and the election to the leadership of the Labour Party of Jeremy Corbyn, a left-wing social democrat, "Old Labour style socialist", revises and updates substantially a previous article of June 2015 published in this journal…

In this article we firstly set out the facts about the current stage of capitalism, the Immiseration stage of neoliberal capitalism in England. We note its relationship with conservatism and neo-conservatism. We identify increased societal inequalities, the assault by the capitalist state on its opponents, and proceed to describe and analyse what…