Fascist austerity dismantled social reforms to rebuild capital accumulation.
Evidence
Mussolini delivered on his promises. Fiscal and industrial austerity (1922- 1925), followed by monetary austerity and continued industrial austerity (1926- 1928), bulldozed hardwon social reforms and workers’ aspirations. Th ese policies served to enact a common purpose: the rehabilitation of the fundamental pillars of capital accumulation- nowhere better observed than in the regime’s capacity to secure brisk “industrial peace.” — Clara E. Mattei, The Capital Order, 1038
Categorization
- ADDENDUM: Directly relevant to the austerity-as-class-weapon thesis of the book; connects to the reader’s broader work on how fiscal restraint serves capital over labor.
- XREF: connects to: Fascist austerity dismantled welfare, cut taxes on capital, and banned unions — Clara E. Mattei, Escape from Capitalism, 193; Fascist austerity dismantled postwar gains and re-separated economics from politics — Clara E. Mattei, Escape from Capitalism: An Intervention, 193; Fascism reimposed the economic-political divide that workers had breached — Clara E. Mattei, The Capital Order: How Economists…, 583 (+5 more)
Broader Connections
- Fascist austerity dismantled postwar gains and re-separated economics from politics
#corroborates(0.92) — Clara E. Mattei, Escape from Capitalism, 193 - Fascism reimposed the economic-political divide that workers had breached
#expands(0.85) — Clara E. Mattei, The Capital Order, 583 - Austerity structurally dismantled the workers’ movement and its economic alternatives
#expands(0.85) — Clara E. Mattei, The Capital Order, 654 - Fascism’s founding political program was framed in austerity terms.
#expands(0.80) — Clara E. Mattei, The Capital Order, 1037 - Austerity served as proof of creditworthiness to international finance for the Fascist regime
#expands(0.72) — Clara E. Mattei, The Capital Order, 1435 - Capitalist wealth accumulation was built on the dispossession and impoverishment of the masses.
#expands(0.72) — Clara E. Mattei, Escape from Capitalism, 70 - Progress under capitalism turns into regression and fascism
#complicates(0.70) — Theodor W. Adorno, Max Horkheimer, Dialectic of Enlightenment, 25