The Italian-ization of the U.S. Economy?

“The Italian Charter of Labour says that private enterprise is responsible to the state . . . [but] it is the state, i.e., the taxpayer, who has become responsible to private enterprise . . . . Profit is private and individual. Loss is public and social.”

–Gaetano Salvemini, Under the Axe of Fascism(1936), p. 380. (Salvemini was a brave critic of Italian fascism under Mussolini).

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8:09 am on September 23, 2008