In domestic terms, of course, its just the third hogwash, a third mishmash of the ruins left and right, as left behind after Thatcher's rampage in the 80's.

But on the INTERNATIONAL arena, it does have a significance......

In 1989 - 91, the world power carve up, dominated by two 'superpowers',[the USA and USSR, with a little bit left for the others, such as Britain and China,] crumbled.

Russia has slipped in the league of military imperialism, the USA hasnt appreciably expanded, and nor has China.
So what has happened to the remainder, for neither matter nor political power vanishes into nothingness ? The NATO war of 1999 gave us the clue: Britain is reasserting itself as an independent imperial power, through the existing outlet of the 'Commonwealth', [sic, an outrageous theft of a 16th century word for socialism !].

When NATO troops were poised to enter Pristina, Britain effectively broke its alliance with the USA and allowed Russia to enter first, a clear throwback to the days of the PALMERSTON regime [mid 19th century]. In Sierra Leone,Britain sent in troops completely outside of UN control, to 'get the diamonds' as C.Short so delicately put it. This is, ultimately, what makes Blair both the successor and neologiser to Thatcher; if you live in London, you will notice the new atmosphere in the air since 1999... The conceited City and Whitehall types KNOW what has happened, and have a discernible swagger in their gait.

Leftists must be on their guard against this new tendency. Too much of the Labourite left have failed to understand the nature of Britain's secondary imperialism after 1945, and may not even notice that it is gaining a freer hand all the time.