
Another week, another setback for social democracy in Europe. On 18 June, Helle Thorning-Schmidt – the charismatic Danish prime minister, Neil Kinnock’s daughter-in-law and taker of selfies with Barack Obama – narrowly fell short of keeping power despite a remarkable comeback from political torpor two years ago. Her centre-left “red” bloc gained 47 per cent of the vote, against the centre-right “blue” bloc’s 51 per cent.
The result is further evidence that the global financial crisis has not tilted the arc of history to the left. It also illustrates another significant political story of our time: the squeezing of the established parties. In southern Europe, the Greek Syriza and the Spanish Podemos are mobilising against austerity; in the north, Eurosceptic parties of the right are on the rise.