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do some research about how our money system works(a kind of a very slow ponzi scheme and the winner is always the bankster- )
how the bankers are creating money out of thin air(fiat money)
and why is an almost bankrupt country like the USA still spending hundreds of billions of dollars every year to keep a perpetual war running,and why are they still building more and more military bases all around the world though they already have more than 700.
_in the end someone have to pay the prize and austerity is the prize the people have to pay to keep the bankers running their pervert job.
(start watching some george carlin shows on youtube,was a great mind and comedian,he'll explain you the most interessting things in a funny way)

but your question is wrong anyway.
first you should ask;why are 10000 people dying from hunger every day though we produce food for more than 10billion people every year,but "only" 7billion live on this planet.This is far more than austerity.