Repeated austerity in Europe is failing despite being tried again and again.

Evidence

Europe is at the moment undertaking a giant austerity experiment and the results, as discussed, are predictably awful. If doing the same thing over and over again is still the definition of madness, then the madness is probably going to end badly, long before austerity ever pays off, which it cannot under current circumstances. — Mark Blyth, Austerity, 262

Categorization

• XREF: Directly relevant to Mattei’s narrative of austerity’s repeated failures across the eurozone periphery. — connects to: Austerity failed to deliver promised wage declines and deficit cuts in the REBLLs. — Mark Blyth, Austerity: The History of a Dangerous…, 607; Austerity has never successfully reduced debt and instead causes instability, riots, and war — Mark Blyth, Austerity: The History of a Dangerous…, 614; EU austerity may ultimately destroy the European political project — Mark Blyth, Austerity: The History of a Dangerous…, 256 (+10 more)

Broader Connections

• Austerity only rarely works and its success conditions do not apply today #corroborates (0.85) — Mark Blyth, Austerity, 274
• Austerity’s success cases are few and possibly wrong while its failures are demonstrable #corroborates (0.85) — Mark Blyth, Austerity, 479
• Austerity has failed systematically whenever governments face gold-standard-style constraints #corroborates (0.85) — Mark Blyth, Austerity, 504
• Modern austerity served as Europe’s instruction sheet and rarely works outside niche conditions #expands (0.85) — Mark Blyth, Austerity, 478
• Austerity persists as an ideology that resists empirical refutation #expands (0.80) — Mark Blyth, Austerity, 613
• Austerity persists because commonsense appeal and conservative motives outweigh disproof #expands (0.80) — Mark Blyth, Austerity, 50
• Showing austerity failed does not require proving Keynesian alternatives right #responds-to (0.80) — Mark Blyth, Austerity, 996
• The crisis-as-government-fault narrative was engineered to justify austerity #expands (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 950