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Heroic capitalism or dynamic capitalism was a concept 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 also as supercapitalism, which began in 1914.[2] Mussolini argued that altought he did not support this type of capitalism he considered it at least a dynamic and an heroic form. Fascist considered it a contribution to the 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 could be prevented from degenerating into static capitalism and then supercapitalism if the concepts of economic bourgueous individualism were abandoned and if state supervision of the economy was introduced.[4] Italian Fascism presented the economic system of corporatism as the solution that would preserve private initiatives and property while allowing the state, and the syndicalist movement to intervene in the economy when private initiative failed.[5] This system would lead also to some nationalitations when nessesary and a greatest participation of the employees in all the aspects of the company, and in the utility given by the company.

References

  1. ^ 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
  2. ^ Falasca-Zamponi. Pp. 136.
  3. ^ Falasca-Zamponi. 2000. Pp. 136.
  4. ^ Salvemini, Gaetano.Under the Axe of Fascism. READ BOOKS, 2006. Pp. 134.
  5. ^ Salvemini. Pp. 134.
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