Disappointing but hardly surprising. The 1990s 3rd way style politics was the only way Left of center parties can win in the West, but the rise of the far left woke crowd in the past 20 years have prohibited that from happening.
Economic leftism and 'wokeness' are two different things though and whilst they can obviously exist in tandem they aren't related ideologies and you can easily believe in one without believing in the other.
Economic leftism (democratic socialism if you wish to call it that) can actually do very well at the ballot box due to how much inequality has increased over the past several decades, the transfer of power from labour to capital over the same period and how suspicious the public is as a whole of the financial and political 'elites'. What does indeed damage parties of the left though is the 'woke' culture war rhetoric e.g. 'that's cultural appropriation', 'you're a racist for being concerned about levels of immigration', 'the white working class should check their privilege' etc. which is extremely unpopular with the vast majority of the electorate outside of the vocal 'hipster' types in the big cities.
In the 2017 UK election for example Corbyn was able to confound expectations by keeping his campaign focused on austerity and economic issues whilst keeping away from the culture war stuff, though it is true the Tory's disastrous campaign was an important factor too. Corbyn not being a rabid Europhile helped Labour significantly too in preventing the Tories making huge progress in Leave areas (the most heavily pro-EU people in Labour tend to come from the more moderate wing). If Labour had instead been led by someone like Diane Abbott who would've almost certainly have got involved in the 'culture war' issues the Tories would have won easily and would have a decent sized majority.
Whilst it is not my political position the best way forward for the left would be to move left economically but towards the centre on the 'culture war' stuff. Third way Clinton/Blair style politics is a political loser especially when it's combined with 'woke' beliefs as it often seems to be these days.
