Paine
Iconic Member
- Messages
- 1,717

“Fascism is associated in the public mind with great endeavors of state planning, nationalization, war industrialism, and mimicry of socialism, but Mussolini’s regime began with a ‘liberal’ economic program, overseen by Alberto de' Stefani. De Stefani favored tax cuts, bureaucratic reductions and reforms, and extensive privatization. As the historian Germa Bél writes: ‘The government privatised the State monopoly of match sale, eliminated the State monopoly on life insurances, sold most of the State-owned telephone networks and services to private firms, reprivatised the largest metal machinery producer, and awarded concessions to private firms to build and operate motorways. These interventions represent one of the earliest and most decisive privatisation episodes in the Western world.’ De’ Stefani. also pursued and achieved a balanced budget. Bucking the 1930s trend towards nationalization, the Nazis also pursued an initial privatization policy for political reasons.”