Austerity capitalism means more state intervention, not less, to fortify the market

Evidence

We can dismiss the common trope by which austerity policies are conceived as a zero-sum game between the state and the market. Austerity capitalism does not mean less state intervention; it means a state that constantly plays an active role in fortifying the market by expropriating resources from the many to favor the few. — Clara E. Mattei, Escape from Capitalism, 151

We can dismiss the common trope by which austerity policies are conceived as a zero-sum game between the state and the market. Austerity capitalism does not mean less state intervention; it means a state that constantly plays an active role in fortifying the market by expropriating resources from the many to favor the few. — Clara E. Mattei, Escape from Capitalism, 151

Categorization

• XREF: Central to the reader’s ‘invisible order’ theme — the state/market opposition is a false binary; austerity uses the state to construct market dependence. — connects to: Austerity is voluntary deflation achieved by cutting state budgets to restore competitiveness — Mark Blyth, Austerity: The History of a Dangerous…, 25; Austerity is state intervention that transfers resources from workers to capital — Clara E. Mattei, Escape from Capitalism, 195; The market must be actively constituted by political intervention, not discovered — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 1852 (+2 more)
• corroborated: 2 independent passages support this claim — Clara E. Mattei, Escape from Capitalism: An Intervention, 151; Clara E. Mattei, Escape from Capitalism, 151