Well, I'm Brazilian so I can tell you: they'll do it as many times as we allow them.
Since the 90s we had at least three neoliberal waves in Brazil with mass privatization and austerity measures, punctuated by center-left periods of "it's ok to enrich banks but let's at least guarantee that people can eat" periods.
Yes, it's also the guy who takes advice from the spirit of his dead dog. I'm not kidding.