Austerity was installed by deliberately confusing cause and correlation

Evidence

The offensive against Keynesianism at the global level was married to the discovery of the Greek debt crisis and amplified via the threat of contagion to establish fiscal austerity as the new policy du jour. But in doing so, cause and correlation were confused, quite deliberately, on a massive scale. — Mark Blyth, Austerity, 204

Categorization

• XREF: The claim of deliberate confusion of cause and correlation connects to Mattei’s critique and the broader intellectual-history literature on austerity as ideological project. — connects to: The Australian case for expansionary austerity rests on fabricated facts. — Mark Blyth, Austerity: The History of a Dangerous…, 568; A tiny economy’s crisis was weaponized as a metaphor for austerity — Mark Blyth, Austerity: The History of a Dangerous…, 202; The crisis-as-government-fault narrative was engineered to justify austerity — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 950 (+9 more)

Broader Connections

• The crisis-as-government-fault narrative was engineered to justify austerity #expands (0.90) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 950
• Austerity framed economic crisis as caused by governments and workers, not capital #exemplifies (0.85) — Clara E. Mattei, The Capital Order, 783