Yes the world turned and the right have dominated the political scene since, but the world will turn again and new interpretations of socialist ideas will spring forward. Look toward Venezuela at present to see the Latin American manifestation of this process. The western world is preparing for a big swing leftward and there is nothing the Bushes and Blair's can do about it!
It's in the music see! Many youth are beggining to embrace more experimental and rock based forms which, although not as inovative as the sixties styles, are never the less an expression of a desire to reject the stuff you talked about and move toward more organic and live social forms of music!
The hoody/ chav tag the the media give our young people I am sure is a concious policy to sow division and foster suspicions and hate toward the youth thus taking them out of the political arena and rendering them neutered and disenfranchised from the main stream.
The young are then depicted as either drug fuled thieves and muggers or not refered to at all which leaves everyone with only one impression of young people.
Our youth are intelligent and resourceful and capable of doing anything successive generations have done and probably more, but the politicians dont want them becoming politicaly organised.
The Labour Party closed down it's youth section in the early ninties which is a fore runner to this tactic of keeping the youth politicaly at bay!
Music allows the youth to express thier ideas but this will eventual find it's way into the mainstream and once again the existing order will be challenged and hopefully changed for good!