So what bothers me on a deep personal level is that if austerity is seen as the only way forward, then not only is it unfair to the current generation of "workers bailing bankers," but the next "me" may not happen. The social mobility that societies such as the United Kingdom and the United States took for granted from the 1950s through the 1980s that made me, and others like me, possible, has effectively ground to a halt. Youth unemployment across the developed world has reached, in many cases, record levels. Austerity policies have only worsened these problems. Cutting the welfare state in the name of producing more growth and opportunity is an offensive canard.

Mark Blyth, Austerity, loc. 19