I thought this was pretty good........

[TBF]

3. This about sums it up -

and I would add that this would apply historically as well

It is clear, therefore, that austerity is primarily a class policy. It constantly promotes the interests of capital against those of the workers, professionals, pensioners, unemployed, and economically vulnerable groups. In the long run, it aims at creating a model of labor with fewer rights and less social protection, with low and flexible wages, and no substantial bargaining power for wage earners.