and it's just now that I have connected the dots, the point of austerity is quite literally to trigger bankruptcy and then strip the state of valuable assets
Yes, it always comes together with privatizations to iNcReAsE eFfiCiEnCy from the same shitstains for the same goal: plunder the state's capital
Correct. No liberal government is really interested in cost-cutting on a general basis, they're interested in a) lowering their own tax burdens and b) buying up state assets at fire-sale prices for big private profit.
Yea the ultimate goal of Neoliberals is to transfer as much wealth from the state as well as the working class to the bourgeoisie.
Everything else is just an excuse to the same. "Oh we have to cut spending because the Government is broke or public sector is inefficient"
