… but because of government being too generous to its citizens. None of this is how economics works. This sounds right only if your entire understanding of the world comes from the mouth of an entry-level finance bro at Lehman Brothers.
So austerity is just really just entrepreneurial suicide. It’s like if Amazon were to decide to cut all of its research and development tomorrow to make a handful of shithead investors happy and stopped innovating new products that allow people to continue to take interest in their company and invest in its future, Amazon would be committing industrial suicide.