> cutting supports like this will inevitably doom a sputtering economy, when the actual solution was almost certainly more government spending, not less.
In the US that might be a sensible policy decision but SL can't do that.
The concrete supports that are needed (fuel, fertilizer, food) are bought with dollars and yuan. The government ran out of those, because it was already spending unsustainably to prop up the economy.
The government slashed taxes, right when the government needed the money. They were not making an honest effort to support the economy, they were setting up to loot it.
In the US that might be a sensible policy decision but SL can't do that.
The concrete supports that are needed (fuel, fertilizer, food) are bought with dollars and yuan. The government ran out of those, because it was already spending unsustainably to prop up the economy.