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