If by 'real Labour', you mean the left-wing politics espoused by Jeremy Corbyn, then the answer, as history shows, is clearly no.
What Mr Corbyn has failed to grasp, because he likes to live in a fantasy world of clog-shod, cap-tipping, downtrodden working class oiks, is that what may have constituted the hard core of Labour voters in the past, no longer actually exists.
The 'working man' is now seriously aspirational, and astute enough to vote for the party that is going to better his lifestyle with higher wages and lower taxes.
A party that realistically offer that, is going to win any election for the foreseeable future, but it needs a leader with sufficient charisma and personality to make the voters believe it.
Given the current crop from any party, that's going to be a struggle for a while yet, and we may continue to mirror American politics where, rather than voting for the candidate and party we like the most, we will vote for the one we dislike the least.