This pattern has been repeatedly seen across the UK, Australia, and New Zealand, which went all in on privatisation in the '80s and '90s.
A variation was used across Eastern, Central, and Northern Europe following the fall of Soviet Russia.
It's a pattern Milton Friedman *explicitly* advocated for.
And it's a pattern Naomi Klein describes really well in her book shock doctrine:
"I used the term “shock doctrine” to describe the brutal tactic of using the public’s disorientation following a collective shock – wars, coups, terrorist attacks, market crashes or natural disasters – to push through radical pro-corporate measures, often called “shock therapy.
...
"The research showed that virtually any tumultuous situation, if framed with sufficient hysteria by political leaders, could serve this softening-up function. It could be an event as radical as a military coup, but the economic shock of a market or budget crisis would also do the trick."
https://www.theguardian.com/us-news/2017/jul/06/naomi-klein-how-power-profits-from-disaster