British observers recognized fascist strength made austerity enforceable in 1922.

Evidence

On November 3, 1922, a dispatch from British ambassador Graham emphasized a breakthrough that had already occurred in both economic policy and political power. He described plans for privatization and reductions in public services, concluding that “[the] government is much stronger than its predecessors for enforcing measures of the above nature” (FO 371/7660, fol. 185). — Clara E. Mattei, The Capital Order, 1367

Categorization

• ADDENDUM: Supports the ‘Grafting & Growth’ or more directly a general austerity essay: this early dispatch shows British observers openly celebrating that a stronger state could enforce privatization and service cuts — the pattern later recurred in Thatcherism and IMF programs.
• XREF: connects to: Britain pioneered austerity in 1920 and Mussolini’s Italy followed in 1922 — Clara E. Mattei, The Capital Order: How Economists…, 820; Austerity needed strong government, which Fascism supplied — Clara E. Mattei, The Capital Order: How Economists…, 1329

Broader Connections

• Austerity needed strong government, which Fascism supplied #corroborates (0.90) — Clara E. Mattei, The Capital Order, 1329