And what would have been the point of beating her (even if it was possible to do so) on a "we can do it better" program?
It's not as though the people of the UK would have been better off having Callaghan and Healey, rather than Thatcher, selling off the family silver.
After all, it was Callaghan and Healey(the last of who had the decency to admit he was wrong on the matter shortly before he died) who largely caused Thatcher's victory by implementing proto-Thatcherite budget policies virtually the moment Callaghan entered Number 10?
If you spend three years brutally slashing the welfare state(the construction of which was the primary achievement of the previous Labour governments), you're not going to be able to credibly rally the faithful when you get forced into a snap election.
It needs to be asked:
1) If Labour can't even be the party that says "there will be no lost ground", what reason is there for the party to exist?
2) If Labour truly can't, at an absolute minimum hold the line on preserving the tiny pathetic remnants of the social wage, what else can it do that is of any value?
It's the absolute failure of the Labour Right to respond to those last two questions that created the Corbyn phenomenon. Sine it's now clear that Corbyn can't be forced out of the leadership before the next election, the Labour Right has an obligation, if for no other reason than to preserve its own relevance, to come up with some better