Economically, the Labour movement stands for the fair and equal distribution of wealth created by economic activity. Everyone has a part in manufacturing widgets and serving one another, so everyone should have a share in the proceeds.
There are only three ways this can be achieved. First, a fair share of the proceeds can be achieved by totalitarian communism. Democracy must be done away with for the common good, because we know that voters will always vote in self interest. Second, fair distribution can be achieved by creating a massive, relatively well paid public sector workforce and burgeoning benefit dependent population. This is what Gordon Brown and New Labour did. Those who are state-dependent will vote, selfishly, for a government who will give them a job, good salaries and benefits. Third, a fair distribution of wealth can be achieved by a return to the Methodist roots of the Labour movement, and the biblical Christian teachings of John Wesley; especially generosity, life in the service of others and care for other human beings.
The first and second options don’t work. Labour can’t advocate both democracy and communism. It can’t afford to employ a huge public sector workforce and give out generous benefits because we have a huge and increasing debt burden. So Labour must go back to its roots, adopt biblical Christian teaching or die.