Yes, that's what I was saying. It's happening in Greece already. It's impossible to manage PR-wise a near total collapse of wages, public services and huge unemployment. People stop believing those that push for such things. If there is a left it will grow. If there isn't, a populist far-right will grow. Or Middle-Eastern levels of state violence will have to be used. Unless they figure out how to complement their stick with a carrot (or find a really convincing bogey-man), what they are attempting leads one way or another to a completely different political system.

The road of excess leads to the palace of wisdom - William Blake