Georg Kapsch: The departing head of the Federation of Austrian Industries

13 Jun

This is something that really struck me when I moved to Austria – how the relationship between management and labor was more collaborative than in the U.S.A. There was a sense that Austria as a whole could only do well if everyone was doing all right, that economic success could not happen on the backs of one group.

In this interview, it becomes clear that Georg Kapsch is of the old school. A departing president of the body representing (big) business talking about how to close the gap between rich and poor and how to make sure everyone gets the education they need to be a contributing member of society? Seems pretty radical these days. I hope his successor is on the same page!

A link to the interview is below. Unfortunately, you do have to subscribe to the digital edition to read the whole thing.


2 Responses to “Georg Kapsch: The departing head of the Federation of Austrian Industries”

  1. esauboeck June 13, 2020 at 6:00 pm #

    When I lived in Vienna in 1980, Reagan was elected as POTUS. I still remember the dismay of our postman, who asked me “Warum gibt es kein Arbeiterpartei in Amerika?” I told him that it was because no one in America wanted to think of themselves as working class–they were all striving to be rich and to move up the ladder of society. The U.S. has now reached such a point of income inequality that the whole idea of the American Dream is unobtainable, even for the so-called middle class. Austria understands the need to see all of their citizens taken care of to be a functioning society. Here, now, it’s dog eat dog of the most miserable sort.

    • ecbinvienna July 22, 2020 at 7:13 am #

      I know. It’s distressing and disheartening.

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