Italian industry profited enormously from the First World War

Evidence

Between 1915 and 1917, the average rate of profit in industry went up from 4.26 % to 7.75%; in advanced sectors the progress was dramatic—e.g. steel 6.3 %-16.55%, vehicle manufacture 8.2%-30.5%. Production of iron and steel multiplied five times in the course of the war, and firms like FIAT increased their capital tenfold. — Antonio Gramsci, Selections from the Prison Notebooks, 86

Categorization

• XREF: connects to: Industrial profits soared in Italy during the war while workers starved. — Clara E. Mattei, The Capital Order: How Economists…, 1653; Italian war spending expanded state economic control at an unprecedented scale — Clara E. Mattei, The Capital Order: How Economists…, 131; The war economy handed Big Business guaranteed profits and immunity from competition — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 141 (+1 more)

Related

• Industrial profits soared in Italy during the war while workers starved. (similarity 0.92)
• Italy’s war economy grew through massive state subsidies and directed industrial intervention. (similarity 0.84)
• Italy entered the war far weaker industrially than Britain (similarity 0.81)
• Italian war spending expanded state economic control at an unprecedented scale (similarity 0.81)
• World War I compelled Britain and Italy to subordinate private profit to political need (similarity 0.80)
• The Great War triggered extensive nationalization in Britain and Italy (similarity 0.79)
• World War I transformed the Italian state into the central planner of the economy (similarity 0.79)
• Sector-level industrial interests shaped Italy’s neutrality stance on World War One (similarity 0.79)
• Turin’s wartime industrialization transformed it into Europe’s leading FIAT production center (similarity 0.78)