Neoliberalism’s crisis strategy redirected blame from banks onto state debt

Evidence

Conveniently, this recapture of crisis discourse turned out also to be the opening salvo of the neoliberal offensive that all attention concerning crisis debilities should be refocused away from the private sector and toward the debt obligations of the state. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 475

Categorization

• XREF: connects to: The sovereign debt crisis is a transmuted and camouflaged banking crisis — Mark Blyth, Austerity: The History of a Dangerous…, 35; Debt politics functions as a morality play shifting blame from banks to the state — Mark Blyth, Austerity: The History of a Dangerous…, 56; Germany reframed Europe’s banking crisis as a state spending problem to justify cuts — Mark Blyth, Austerity: The History of a Dangerous…, 151 (+21 more)

Broader Connections

• Blame for the 2008 crisis was displaced from banks onto borrowers #corroborates (0.85)
• The crisis-as-government-fault narrative was engineered to justify austerity #corroborates (0.82) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 950
• Neoliberal crisis narratives redirect blame from structures onto individual psychology #complicates (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 433