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Laurie Penny, on the streets with Bloomberg's "private army"

"Whose tweets? Our tweets!" Sometimes, only puns will do.

"Whose tweets? Our tweets!" Sometimes, only puns will do.

The Brookfield Winter Garden is the sort of aggressively bland corporate un-place where scuffles with the NYPD are not supposed to happen.

The financial district of New York is full of spaces like this: soulless private-public atriums full of force-grown unseasonal greenery, glistening 1980s marble and glaze-eyed commuters on their way to meetings. It's a place for "passive recreation" -- the stated function of Zucotti Park, also owned and run by Brookfield industries.

Absolutely nothing of emotional or political significance is ever supposed to happen here, ever. Right now, though, scores of members of the police force Mayor Bloomberg called his "private army" are arresting people seemingly at random just for looking like they might be working against the world's largest investment bank, rather than for it.

Just after eight in the morning, several hundred protesters from Occupy Wall Street had gathered in front of the headquarters of Goldman Sachs, banging drums, blearily slurping coffee and carrying a large, wobbly papier-mache squid. The latter was a reference to Rolling Stone journalist Matt Taibbi's iconic denotion of the bank as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money".

Some of the protesters also wore homemade cardboard squid hats. Yeah, take that, everyone who used to be skeptical about radical writers' ability to change the world using only the power of humorous metaphor.

Black bloc it wasn't. But this wasn't New York's day of action, not really. The demonstration was called in solidarity with the workers and occupiers attempting to block major ports along the West Coast of America, many of which happen to be controlled by subsidiaries of the Goldman group. Which also owns much of America's university system. And the shipping industry. And your mortgage. And your soul.

The fact that angry chanting and heavy policing have become routine features of life in the financial district is perhaps only appropriate in a country where four million families have been made homeless by a banking industry that was recently rewarded for trashing the economy with trillions of dollars of public money.

After a noisily peaceful march around the Goldman building, which entirely failed to collapse like the walls of Jericho, some of the protesters broke off to march through the World Financial Centre, adjoining the Winter Garden Plaza. Which is when the police freaked the hell out.

Red-eyed, astonished businesspersons held up their smartphones like protective talismans as emissaries of the 99 per cent danced around the ornamental ferns. Police poured in as someone dropped a West Coast Solidarity banner above the escalators. Protesters stood and shouted "everybody pays their tax, everyone but Goldman Sachs" -- well, close enough, the company paid only one per cent tax in 2008 -- just a little too long. On the turn of a penny, the arrests began.

By now we're used to hearing about protesters being arrested for taking part in peaceful actions, but this is the first time I've truly witness young people being grabbed at random just for standing near a demonstration with a phone or camera.

At least two of the 18 arrestees were journalists, including Radio Dispatch's John Knefel, and it is pure luck that the officer who shoved me through the atrium doors, shouting "your turn now", when he saw me tweeting, did not decide to arrest me too. As citizen journalists and members of the marching band sat in the back of the police van, a chant started: "Whose tweets? Our tweets!"

In the face of this sort of paranoid over-protection of a degenerate financial elite, you have to pun, because otherwise you might put your fist through a wall.

Funnily enough, last week, when hundreds of protesters and local campaigners really did take over a foreclosed property in East New York technically belonging to Bank of America, Bloomberg's army was almost nowhere to be seen.

Laurie Penny is a contributing editor to the New Statesman. She is the author of five books, most recently Unspeakable Things.

Photo: Getty
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Ken Livingstone says publicly what many are saying privately: tomorrow belongs to John McDonnell

The Shadow Chancellor has emerged as a frontrunner should another Labour leadership election happen. 

“It would be John.” Ken Livingstone, one of Jeremy Corbyn’s most vocal allies in the media, has said publicly what many are saying privately: if something does happen to Corbyn, or should he choose to step down, place your bets on John McDonnell. Livingstone, speaking to Russia Today, said that if Corbyn were "pushed under a bus", John McDonnell, the shadow chancellor, would be the preferred candidate to replace him.

Even among the Labour leader’s allies, speculation is rife as to if the Islington North MP will lead the party into the 2020 election. Corbyn would be 71 in 2020 – the oldest candidate for Prime Minister since Clement Attlee lost the 1955 election aged 72.

While Corbyn is said to be enjoying the role at present, he still resents the intrusion of much of the press and dislikes many of the duties of the party leader. McDonnell, however, has impressed even some critics with his increasingly polished TV performances and has wowed a few sceptical donors. One big donor, who was thinking of pulling their money, confided that a one-on-one chat with the shadow chancellor had left them feeling much happier than a similar chat with Ed Miliband.

The issue of the succession is widely discussed on the left. For many, having waited decades to achieve a position of power, pinning their hopes on the health of one man would be unforgivably foolish. One historically-minded trade union official points out that Hugh Gaitskell, at 56, and John Smith, at 55, were 10 and 11 years younger than Corbyn when they died. In 1994, the right was ready and had two natural successors in the shape of Tony Blair and Gordon Brown in place. In 1963, the right was unprepared and lost the leadership to Harold Wilson, from the party's centre. "If something happens, or he just decides to call it a day, [we have to make sure] it will be '94 not '63," they observed.

While McDonnell is just two years younger than Corbyn, his closest ally in politics and a close personal friend, he is seen by some as considerably more vigorous. His increasingly frequent outings on television have seen him emerge as one of the most adept media performers from the Labour left, and he has won internal plaudits for his recent tussles with George Osborne over the tax bill.

The left’s hopes of securing a non-Corbyn candidate on the ballot have been boosted in recent weeks. The parliamentary Labour party’s successful attempt to boot Steve Rotheram off the party’s ruling NEC, while superficially a victory for the party’s Corbynsceptics, revealed that the numbers are still there for a candidate of the left to make the ballot. 30 MPs voted to keep Rotheram in place, with many MPs from the left of the party, including McDonnell, Corbyn, Diane Abbott and John Trickett, abstaining.

The ballot threshold has risen due to a little-noticed rule change, agreed over the summer, to give members of the European Parliament equal rights with members of the Westminster Parliament. However, Labour’s MEPs are more leftwing, on the whole, than the party in Westminster . In addition, party members vote on the order that Labour MEPs appear on the party list, increasing (or decreasing) their chances of being re-elected, making them more likely to be susceptible to an organised campaign to secure a place for a leftwinger on the ballot.

That makes it – in the views of many key players – incredibly likely that the necessary 51 nominations to secure a place on the ballot are well within reach for the left, particularly if by-election selections in Ogmore, where the sitting MP, is standing down to run for the Welsh Assembly, and Sheffield Brightside, where Harry Harpham has died, return candidates from the party’s left.

McDonnell’s rivals on the left of the party are believed to have fallen short for one reason or another. Clive Lewis, who many party activists believe could provide Corbynism without the historical baggage of the man himself, is unlikely to be able to secure the nominations necessary to make the ballot.

Any left candidate’s route to the ballot paper runs through the 2015 intake, who are on the whole more leftwing than their predecessors. But Lewis has alienated many of his potential allies, with his antics in the 2015 intake’s WhatsApp group a sore point for many. “He has brought too much politics into it,” complained one MP who is also on the left of the party. (The group is usually used for blowing off steam and arranging social events.)

Lisa Nandy, who is from the soft left rather than the left of the party, is widely believed to be in the running also, despite her ruling out any leadership ambitions in a recent interview with the New Statesman.However, she would represent a break from the Corbynite approach, albeit a more leftwing one than Dan Jarvis or Hilary Benn.

Local party chairs in no doubt that the shadow chancellor is profiling should another leadership election arise. One constituency chair noted to the New Statesman that: “you could tell who was going for it [last time], because they were desperate to speak [at events]”. Tom Watson, Caroline Flint, Chuka Umunna, Yvette Cooper, Andy Burnham and Liz Kendall all visited local parties across the country in preparation for their election bids in 2015.

Now, speaking to local party activists, four names are mentioned more than any other: Dan Jarvis, currently on the backbenches, but in whom the hopes – and the donations – of many who are disillusioned by the current leadership are invested, Gloria De Piero, who is touring the country as part of the party’s voter registration drive, her close ally Jon Ashworth, and John McDonnell.

Another close ally of Corbyn and McDonnell, who worked closely on the leadership election, is in no doubt that the shadow chancellor is gearing up for a run should the need arise.  “You remember when that nice Mr Watson went touring the country? Well, pay attention to John’s movements.”

As for his chances of success, McDonnell may well be even more popular among members than Corbyn himself. He is regularly at or near the top of LabourList's shadow cabinet rankings, and is frequently praised by members. Should he be able to secure the nominations to get on the ballot, an even bigger victory than that secured by Corbyn in September is not out of the question.

Stephen Bush is editor of the Staggers, the New Statesman’s political blog. He usually writes about politics.