“Three-fourths of the Italian economy, industrial and agricultural, is in the hands of the state. And if I dare to introduce to Italy state capitalism or state socialism, which is the reverse side of the medal, I will have the necessary subjective and objective conditions to do it.”

The Oxford Handbook of the Italian Economy Since Unification, by Gianni Toniolo, editor, Oxford University Press (2013) p. 59. Mussolini’s speech to the Chamber of Deputies on May 26, 1934.
1930s

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