MASS UNEMPLOYMENT, CLIMATE CRISIS, INEQUALITY

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FROM KREISKY'S LIVING ROOM

MARKUS MARTERBAUER IN CONVERSATION WITH ROBERT MISIK
MASS UNEMPLOYMENT, CLIMATE CRISIS, INEQUALITY
The three biggest economic policy challenges in 2021

In the last 70 years, Austria has gone from being a poorhouse to one of the most economically successful countries in Europe. We have one of the best welfare states and one of the best public infrastructures in Europe. We have everything we need to successfully tackle the three major problems of our time - mass unemployment, the climate crisis, inequality and poverty. If we want to and start immediately with fact-based and targeted policies.

In any case, the social and economic consequences of the COVID crisis are enormous. However, given Austria's high economic strength, stable social structures and favourable circumstances - such as the negative interest rates on government bonds - they can be overcome if economic policy is fact-based and invests in the future with a focus on prosperity.

Markus Marterbauer, Economist
Robert Misik, Author and journalist

Markus Marterbauer is Chief Economist of the Chamber of Labour, Vice President of the Fiscal Council and university lecturer, expert on the Budget Committee of the Austrian National Council and member of the Advisory Board for Economic and Social Issues. He has chaired the Dr Benedikt Kautsky working group since July 2013. Marterbauer's numerous publications primarily deal with Austria's budget development and fiscal policy, issues of income policy and redistribution, macroeconomic issues and social democratic economic policy.