Well in my opinion it is not. The Labour Party is no longer a Socialist Party nor will it be again until the day it brings back a proper obligation to follow the principles of Sidney Webb and adopt a proper Webb style interpretation of Clause IV of the Labour Party Constitution as it was intentioned. Until it does this it will be no more that another Party cluttering up the ground on the political right. I was hoping that Jeremy Corbyn might be the man to change all this. However this remains to be seen whether or not he has a strong commitment to do this.