One wonders if we are facing something more serious than a lost decade! I was thinking that maybe we are looking at a re-run of the 1930's!
I'm open to correction but was 'nt it 'austerity' in Germany that led to the rise of fascism! it is also claimed that despite huge government investment in the USA during the great depression many believed that the USA was heading back into recession in 1939, and we all know what happened then!
Of course the prime reason for neo-liberalism propaganda is to blind people to the truth, distort reality and divide and conquer. If one looks at neo liberal mouthpieces in Ireland, you will notice that trend , they always seek to cause divisions in society. Easy examples public v private workers, workers v unemployed, traveller v settled, christian v muslim, unfortunately they are so powerful in the media and politics that when people finally cop-on its too late!!!