Andy Burnham, the former mayor of Greater Manchester, has become the Labour Party’s new leader and is set to become Britain’s prime minister on Monday. A fierce critic of whatever “neoliberalism” is meant to be, he says that “we must recognize that this generation of politicians, myself included, have failed to challenge a political culture and an economic model that simply doesn’t work well enough for ordinary people.”

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The demolition of Mrs. Thatcher’s legacy that has been gathering speed in the U.K. for decades under both the Tories and Labour has, so far as Burnham is concerned, not gone far enough. Maybe “it hasn’t really been tried.” Calculated on a per capita basis, Britain’s GDP has more or less stagnated since 2007. Just a........

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