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"State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management." [4] Article 13: "The duty of employment is under control of the corporate organs.
Mussolini apparently saw it as "a virility issue" and the decline was an attack on his prestige. In the Pesaro Speech of 18 August 1926, he began the "Battle for the Lira". Mussolini made a number of strong pronouncements and set his position of returning the lira to its 1922 level against sterling, "Quota 90".
In general, fascist governments exercised control over private property but they did not nationalize it. [7] Scholars also noted that big business developed an increasingly close partnership with the Italian Fascist and German Nazi governments after they took power. Business leaders supported the government's political and military goals.
Many business and financial leaders believed it would be possible to manipulate Mussolini, whose early speeches and policies emphasized free market and laissez faire economics. [26] This proved overly optimistic, as the Great Depression struck Italy along with the rest of the world in 1929, and Mussolini responded to it by increasing the role ...
The state was given the authority as sole arbitrator over capital-labour negotiations, significantly increasing the power of the state. Overall, it placed Prime Minister Benito Mussolini in a far greater position of control over that of the workers within industry, and acted to effectively ban free trade unions.
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Government control of business was part of Mussolini's policy planning. By 1935, he claimed that three-quarters of Italian businesses were under state control. Later that year, Mussolini issued several edicts to further control the economy, e.g. forcing banks, businesses, and private citizens to surrender all foreign-issued stock and bond ...
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