Working-class sacrifice was the price of Italy’s integration into global capital

Evidence

By exacting sacrifi ces on the working classes, Italy could fi nally participate in the international capitalist order. Aft er gold stabilization, the Economist announced that it expected “foreign capital, mainly for the United States and Great Britain,” to “seek more freely temporary or permanent investment in Italy.” — Clara E. Mattei, The Capital Order, 1445

Categorization

• XREF: connects to: Integration into global capitalism reinforces, not relieves, the periphery’s subordination — Clara E. Mattei, Escape from Capitalism, 292; Austerity served as proof of creditworthiness to international finance for the Fascist regime — Clara E. Mattei, The Capital Order: How Economists…, 1435; Global wage suppression was engineered to boost dollar profit rates — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 199

Broader Connections

• Integration into global capitalism reinforces, not relieves, the periphery’s subordination #corroborates (0.78) — Clara E. Mattei, Escape from Capitalism, 292
• Austerity served as proof of creditworthiness to international finance for the Fascist regime #exemplifies (0.72) — Clara E. Mattei, The Capital Order, 1435