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Heroic capitalism or dynamic capitalism was a concept that developed in Italian Fascism.[1] In 1933, Benito Mussolini claimed that capitalism began with dynamic or heroic capitalism (1830-1870) followed by static capitalism (1870-1914) and then reaching its final form of decadent capitalism, known as supercapitalism, which began in 1914.[2] Mussolini argued that Italian Fascism was in favour of dynamic and heroic capitalism for its contribution to industrialism and technical developments but claimed that it did not favour supercapitalism, which he claimed was incompatible with Italy's agricultural sector.[3]
Mussolini claimed that dynamic or heroic capitalism and the bourgeoisie could be prevented from degenerating into static capitalism and then supercapitalism if the concepts of economic individualism were abandoned and if state supervision of the economy was introduced.[4] Private enterprise would control production but it would be supervised by the state.[5] Italian Fascism presented the economic system of corporatism as the solution that would preserve private enterprise and property while allowing the state to intervene in the economy when private enterprise failed.[6]
References
- ^ Mussolini, Benito. Four speeches on the corporate state: with an appendix including the labour charter, the text of laws on syndical and corporate organisations and explanatory notes. Laboremus, 1935. Pp. 16
- ^ Falasca-Zamponi. Pp. 136.
- ^ Falasca-Zamponi. 2000. Pp. 136.
- ^ Salvemini, Gaetano.Under the Axe of Fascism. READ BOOKS, 2006. Pp. 134.
- ^ Salvemini. Pp. 134.
- ^ Salvemini. Pp. 134.
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