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Any historic precedent for a country applying massive austerity measures during times of poverty, which has then "bounced back"?
Translation: we must kill the poor so that we can be rich.
No one is talking about how these extreme austerity measures will affect the most vulnerable people
Children lose very measurable nueral brain growth you don't get back if malnourished in the beginning. We're literally making a new class of measurably different human...
No. Plenty of evidence of it crashing systems and worsening recessions from the Great Depression though, compared to spending programs like the New Deal.
That said, there isn't a Great Depression, at the moment. Selling off public assets to foreign neocolonialists will produce short term benefits...
For their new oligarchy, since ancaps sure as fuck aren't reinvesting those funds into public education and infrastructure.
Um, i suppose you could apply the effect of the black plague on middle ages europe.
Estimated to have killed 1/3 of all people. There was a subsequent rise in wages/worker bargaining power attributed to the lack of labour supply.
I suppose thats an example of rock bottom and coming back with some benefit.
I wouldn't call it 'bouncing' back though, more like struggling on with a sliver of silver on those grey clouds. Not an adviseable course for a country to take.
I see it like sand in a sand timer that's been tipped. We get little crests and collapses cycles as the whole structure shifts and grows.
Good illustrative example.
I'm always hesitant to assume growth will always reassert itself in the end though. You know the old saying, 'past performance is not an indicator of future performance', type thing. After all extinction is a thing.
The sand castle analogy is why I think that saying works, past performance doesn't indicate future, every 'now' is a new sand castle, its a bit taller, has more weight on one side from the last shift, its a bit wider... it will fail but and it might look very similar, or it might fail a new way and really take it down.
https://en.m.wikipedia.org/wiki/Austerity
Let's see if his escape helicopter bounce back
Somalia?
Ah yes, the economic miracle of...Somalia??
You have to thank the Mashall Plan for that
So the opposite of austerity lol