Tesi di laurea di Emanuela Dolcini - 1938: L'opinione pubblica britannica e l'antisemitismo fascista
ITALY LEADS THE WAY TO SANITY
While financial democracy in Britain heaps up gold that nobody can eat, while unemployed miners huddle in bed by daylight because they cannot buy coal for their hearths, the great Italian revolution continues into the field of finan- ce. Gold indeed Italy needed during the Abyssinian expedition, and so great was the response to the public appeal that she emerged from the conflict with greater reserves than at the beginning (Morning Post, 17/9/36). But the futility of this metal as a credit base is fully realized, and we cannot do better than quote from the Rome correspondent of that Journal, who reports Senator Bevione's announcement of the previous day on the attitude of Fascismo to gold, and mentions, with comments, the provisions of the new managed currency system;
"The gold requirements of Italy," he says, " will be determined in relation to Italy's international trade requirements, and to the administration of international accounts. When the regulation of these accounts is completed, then gold will have lost a great part of those imperative demands upon which the attention of bankers and industrialists is too much fixed. The more the citizens confront the necessity of national production the less necessary gold becomes."
This exposition of the Italian attitude towards gold, of course, is only applicable in a State in which special laws, such as those passed by the Fascist Government, apply. The main characteristic of the Fascist financial laws can be summed up as follows:
1. The financial system ceases to be independent of the State and can no longer be influenced or dominated by private groups working for their own ends or indirectly for other groups.
2. The system becomes national in so far as there are no international influences or interests moving within it. The series of special restrictive laws prevent this.
3. The Corporations Ministry coordinates and controls the complete national productive economic system.
4. There is complete State control of savings.
5. The system really rests on what may be called the credit of the nation and not on the gold reserve. These principles are all operative in Italian commercial and economic life through the specific laws.
Italy is not a rich nation. But she has arisen in revolutionary demand that the people shall have the full use of what wealth they do possess. Fascist Government has refused to tolerate international financial interests which starve the people for sectional gain. Whatever goods there are to buy, there shall be money-tickets with which to buy them.
That is the meaning of a managed currency; but this simple conception requires in Britain as in Italy a revolution for its establishment. The revolution must be carried through by legal and constitutional methods, through the conquest of a Parliamentary majority; the British Union candidates to whom the people can entrust their mandate at the next election are now being publicly announced.
© Morashà 2001 - Emanuela Dolcini 2001.
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