Matgamna, working with two supporters, formed the Workers' Fight group to act upon their views, central to which was a call for Trotskyist unity in Britain.
In 1989, Matgamna, along with many other members of the group's national committee, by then known as the Socialist Organiser Alliance, came to reconsider some of its views on the Eastern Bloc.
Rereading works by Hal Draper and Max Shachtman led him to conclude that Third Camp socialism offered an expression of many of the conclusions he had come to.
Matgamna remains a member of the Trotskyist group he founded, now called the Alliance for Workers' Liberty.
Over the years, he has used a large number of pseudonyms, including John O'Mahony, Seán Mac Mathúna, Paddy Dollard and Jack Cleary.