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Alan Blanes's avatar

This is indeed a fresh take on Fascist economics, which has tended to get a whitewash over the past 80 years. We tend to hear only about the brilliance of Dr Hjalmar Schacht, the Minister of Economics who had been a luminary in banking since WW1. We also have been given rosy reports about workers' representation on boards of directors, Sparkasse public banking, corporate adoption of students allowing mentorship for life.

This report tends to indicate that unregulated capital usurping the public interest did not begin at Mont Pellerin in 1947, but it appears to have origins in Fascist corporatocracy.

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Stephen K's avatar

This is really interesting, thanks. I believe the point about how trains became less efficient in Italy under privatisation but do you happen to have a source for that so I have something to point to?

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