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dragonlady7via http://ift.tt/2h7RRZM:
“The class which benefited most from fascist rule was the layer of big industrialists. They gained from the privatisation of the insurance sector, the telephone service, the match monopoly and the municipal power companies. The capital tax was abolished, as was inheritance tax, the tax on war profits and the taxes on managers and directors. The government intervened time and again to save failing companies, especially the commercial banks, many of whom were threatened with collapse in 1929–31. Between 1934 and 1938, war industries benefited from 36 billion lire of extraordinary expenses. Meanwhile, the Confederation of Industry was left intact in all its power. Even the department stores, which had been one of the chief targets of the rhetorical anti-capitalism of the fascists before 1922, were allowed to prosper with state encouragement. As Mussolini told the Senate in 1934, ‘The corporative economy respects the principles of private property. Private property completes the human personality.‘”
- Fascism: Theory and Practice by Dave Renton (via kuanios)
“The class which benefited most from fascist rule was the layer of big industrialists. They gained from the privatisation of the insurance sector, the telephone service, the match monopoly and the municipal power companies. The capital tax was abolished, as was inheritance tax, the tax on war profits and the taxes on managers and directors. The government intervened time and again to save failing companies, especially the commercial banks, many of whom were threatened with collapse in 1929–31. Between 1934 and 1938, war industries benefited from 36 billion lire of extraordinary expenses. Meanwhile, the Confederation of Industry was left intact in all its power. Even the department stores, which had been one of the chief targets of the rhetorical anti-capitalism of the fascists before 1922, were allowed to prosper with state encouragement. As Mussolini told the Senate in 1934, ‘The corporative economy respects the principles of private property. Private property completes the human personality.‘”
- Fascism: Theory and Practice by Dave Renton (via kuanios)
