triangleArguments for socialism




spotAround the UK

All keywords

All Arguments for socialism subcategories:

* Arguments for socialism


Globalisation Anticapitalism


Arguments for socialism keywords:

Banking crisis (15)

Banks (291)

Clause 4 (1)

Clause four (6)

Consciousness (11)

Democracy (190)

Minimum wage (312)

Nationalisation (206)

New workers parrty (6)

Northern Rock (34)

Party funding (1)

Photographs (4)

Planning (86)

Podcasts (5)

Socialism 2007 (17)

Socialism 2008 (13)

Solidarity Scotland (1)

Solidarity (390)

The Socialist (1184)

Them & Us (25)

Trade union organisation (7)

Vaccine (16)

What we saw (38)

Workers (1914)

Workers press (1)

Working class (854)


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 1077, 11 March 2020: Coronavirus: Full NHS funding now

Search site for keywords: Flybe - Jobs - Nationalise - Socialist - Rich - Economy - Pay - Coronavirus

Flybe collapse: nationalise to save jobs threatened by Covid-19 and downturn

Flybe, photo Aero Pixels/CC, photo Aero Pixels/CC

Flybe, photo Aero Pixels/CC, photo Aero Pixels/CC   (Click to enlarge)

Steve Score, Socialist Party national committee

The collapse of Flybe, the British-based largest regional airline in Europe, highlights that an economy teetering on the brink could be pushed over by the new coronavirus, Covid-19.

2,000 jobs will be lost immediately as a result, with 1,400 more threatened in the supply chain, despite the government announcing a "rescue plan" two months earlier. It came a week before the budget where it was expected that air passenger duty would be cut in an attempt to help airlines.

Flybe had been struggling for some time but the impact of Covid-19 accelerated this. The International Air Transport Association estimates airlines could lose anything up to 87 billion this year as a result of falling demand, as tourists and businesses cancel travel plans. The economic effects of the virus of course go well beyond the airline industry.

Open the books

When big companies threaten job losses, lay-offs or pay cuts - whether a result of economic crisis or Covid-19 - the Socialist Party argues that they should open their books to show where past revenues have gone. If it is shown they are insolvent, then they should be nationalised under democratic working-class control and management to save jobs and protect the economy.

But nationalisation should not be a temporary measure simply to sell it off once taxpayers' money has helped it become profitable again - as with the Tory government's rescue of Rolls-Royce in 1971. Neither should rich bosses walk away with wads of cash - there should only be compensation on the basis of proven need, not for the super-rich.

For example, Flybe was owned by a consortium of super-rich billionaire Richard Branson's Virgin Atlantic, Stobart Air and a hedge fund called Cyrus Capital. They shouldn't benefit from their speculative buyouts while workers suffer. Nationalisation should be permanent in order that these companies can become part of a wider democratic socialist plan for the economy.

The Socialist has proposed a workers' charter for the Covid-19 crisis which demands that working-class people do not pay the price of controlling it. It includes full pay during isolation, no pay losses, no redundancies, and so on.

If firms say they cannot afford these measures, again they should open the books. In the case of small firms who can't afford it there should be government subsidies, but in the case of big ones they should be nationalised.

The threat posed to the economy by Covid-19 has already forced some governments to consider exceptional economic measures. We need to deal with the crisis in a way that defends workers' interests - not rich bosses - including by fighting for the measure of socialist nationalisation.

Donate to the Socialist Party

Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our Fighting Fund.

Please donate here.

All payments are made through a secure server.

My donation


Your message: 


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube



Phone our national office on 020 8988 8777

Email: [email protected]

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 075 4018 9052

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 078 0983 9793



Alphabetical listing

June 2021

May 2021

April 2021

March 2021

February 2021

January 2021