What does "austerity" mean?

Austerity means withdrawal of the state to sovereign tasks. The consumption taxes should be as high as possible, all other taxes as low as possible; free play of economic actors; no price fixing to protect any industries. Union rights are restricted by law (Thatcherism as a special variety of austerity). The state budget is not intended to be a means of influencing economic cycles. The consumption of the population should be low, the increase in capital should be facilitated. The free market unleashes economic forces for the benefit of all. These well-known theses were reissued by a group of economists, the so-called “Chicago Boys”. Under President Reagan, these theses became a government program for the first time in the postwar period. Because they feared the protests of the impoverished lower classes, this policy was accompanied by an increased arming of the police. The military was also upgraded. Inside the US the gap between rich and poor widened enormously, and externally the US became powerful and the dependent countries increasingly insignificant. Austerity is now the lever to reinforce Germany's role in the relationship between the European states. Greece is de-industrialized and downgraded to the supplier of cheap labor for the corporations of the northern countries. Austerity is not an economic theory (like Keynesianism) but the ideological expression of advanced capitalism: Austerity is the social order of our time.