In this time of illness and poverty, many companies are facing insolvency. They cannot afford to pay staff, and even if they do not, then they still face bankruptcy.
Capitalism is not working.
My answer is that we should consider a basic income (with unpaid leave for many workers), rent and mortgage holidays and part nationalise industries that need financial assistance.
The bailout of the 2008 financial crisis that Gordon Browns push helped to save the economy of the world. We need someone like him in charge again who can look at the implications of this. If businesses are part nationalised, then they can be sold back to the current shareholders and owners afterwards when the crisis is over, and by supporting workers on unpaid leave with a universal income, then food can still be bought but they will also have jobs to return to once restrictions are lifted in four to six months time.
An example of why I think that this approach is needed is Virgin Airlines. They have asked staff to take unpaid leave, and also want financial assistance. We need to support the people of our nation, not just businesses.
No comments:
Post a Comment