Austerity is the idea that the global financial crash of 2008 was caused by there being too many libraries in Wolverhampton.

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I loved this, said by Alexei Sayle on Radio 4 last week:

Austerity is the idea that the global financial crash of 2008 was caused by there being too many libraries in Wolverhampton.

Sometimes one line says it all.

Hat tip to Peter May.