Let us call it ‘sudden death’ football style – even though, strictly speaking, there was no ‘tie’. Yet, even the highly frayed but continued existence of the earlier Nehruvian legacy (our version of the welfare state) had provided a kind of buffer that had kept in place an intricate balance between labour and capital. The Nehruvian state was no ‘socialism’ but it did represent a ‘social contract’ of sorts that had kept the worst caprices of capital in check and provided a certain legitimacy to issues and demands of labour. The balance was always tilted in favour of capital but was a balance nevertheless. This is what some ideologues of the neoliberal dispensation that succeeded it continue calling socialism – for that gave them the legitimacy, in the post-Soviet 1990s, to institute the unbridled rule of corporate capital. In that sense, there was a tie – and neoliberalism was the tie-breaker.
The defeat of working class politics in the 1980s is a story that remains to be told – at any rate, properly analyzed. There are of course, layers and layers to that story and no single article or even a book can do justice to it but it is nevertheless worth looking at some aspects – not all of which may have been apparent to players involved at that time. But that is precisely why it is so important to look back, especially if we are interested in building a movement in the future, avoiding the mistakes of the past.