Fraser Hansen

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After World War I, Italy had settled into a pattern of parliamentary democracy. The low pay scales were improving, and the trains were already running on time. But the capitalist economy was in a postwar recession. Investments stagnated, heavy industry operated far below capacity, and corporate profits and agribusiness exports were declining. To maintain profit levels, the large landowners and industrialists would have to slash wages and raise prices. The state in turn would have to provide them with massive subsidies and tax exemptions. To finance this corporate welfarism, the populace would ...more
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Blackshirts and Reds: Rational Fascism and the Overthrow of Communism
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