Austerity was imposed on the developing world well before the current crisis

Evidence

Austerity remained the policy for people in the developing world, however, at least until the current crisis. But even at that moment, ideas did not appear out of nowhere: they had precursors and promoters. — Mark Blyth, Austerity, 273

Categorization

• QUESTION: Worth chasing later: who exactly were the ‘precursors and promoters’ who imported austerity into the global South before the Washington Consensus formalized it — this is the intellectual origin story the rest of these chapters will unpack.
• XREF: connects to: Austerity was tested on the Global South before the developed world. — Mark Blyth, Austerity: The History of a Dangerous…, 432; Austerity since colonial times has devastated the global periphery — Clara E. Mattei, Escape from Capitalism, 288; Structural adjustment programs exported expansionary austerity to the developing world with poor results — Mark Blyth, Austerity: The History of a Dangerous…, 439

Broader Connections

• Austerity was tested on the Global South before the developed world. #corroborates (0.95) — Mark Blyth, Austerity, 432
• Structural adjustment programs exported expansionary austerity to the developing world with poor results #corroborates (0.85) — Mark Blyth, Austerity, 439
• Austerity since colonial times has devastated the global periphery #expands (0.80) — Clara E. Mattei, Escape from Capitalism, 288