National political styles in the US and Europe make austerity attractive despite its failures.
Evidence
American policy makers can only blame the state, and occasionally the banks, but never the market. To do so is somehow un-American—as if fealty to Wall Street is the same as honoring the Constitution. Meanwhile, European policy makers seem to be trapped in a room with a monetary doomsday device, an overlevered banking system on the brink, and a German instruction sheet for defusing the thing that makes the problem worse rather than better. — Mark Blyth, Austerity, 259
Categorization
- XREF: Causal idea diffusion differs by national political culture — connects to Blyth’s broader argument and to Mattei’s austerity work. — connects to: Austerity persists as an ideology that resists empirical refutation — Mark Blyth, Austerity: The History of a Dangerous…, 613; Austerity persists because commonsense appeal and conservative motives outweigh disproof — Mark Blyth, Austerity: The History of a Dangerous…, 50; Repeated austerity in Europe is failing despite being tried again and again. — Mark Blyth, Austerity: The History of a Dangerous…, 262 (+2 more)
Broader Connections
- Austerity persists as an ideology that resists empirical refutation
#expands(0.85) — Mark Blyth, Austerity, 613 - Austerity-bred consensus sustains further austerity in a self-reinforcing loop
#expands(0.82) — Clara E. Mattei, Escape from Capitalism, 235 - Austerity persists because commonsense appeal and conservative motives outweigh disproof
#expands(0.80) — Mark Blyth, Austerity, 50 - Repeated austerity in Europe is failing despite being tried again and again.
#corroborates(0.78) — Mark Blyth, Austerity, 262 - Neoliberalism’s epicenter remained Europe rather than the United States.
#corroborates(0.75) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 123