Investment banking giant Morgan Stanley recently published a report that warned its clients about the possibility of a general election in 2018 and - in turn - of a Corbyn-led Labour victory. Such an outcome, the bankers described, would be a “worse threat to business than Brexit”.

British capitalism is clearly in a parlous state. The miserable spurt of growth of a few years ago has completely run out of steam, leaving the UK in a disastrous position. All the economic forecasts from the top institutions for the coming period have been downgraded from those of a year ago.

Richard Leonard, the left candidate for Scottish Labour leader, has won a close fought race to succeed Kezia Dugdale. His victory represents the most significant gain for the Left in its struggle to win control of the overall party since Corbyn’s victory itself.

Early on Monday morning, 20 November, the leaders of the German, right-wing, liberal Free Democratic Party (FDP) suddenly declared their exit from preliminary coalition talks and walked out of the room. The negotiations with Chancellor Angela Merkel`s Christian Democrats and their Bavarian sister party Christian Social Union (CDU/CSU) and the Greens had been going on for nearly five weeks.

The proclamation of the Republic by the Catalan Parliament on October 27th was short-lived. The Spanish state was ready to crush it decisively, while the Catalan government had no plans and no strategy to defend it. That, however, is not the end of the movement.

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