Eventually profit motive was being reduced after Mussolini eliminated the ability of business to make independent decisions. The government now controlled all prices and wages, it regulated agriculture by dictating crops and breaking up farms. Banking system was also controlled to an extraordinary extend.
Later, in the 30s and early 40s Hitler\'s nazism shared many features with Italian fascism, including the syndicalist front. Nazism, too, featured complete government control of industry, agriculture, finance, and investment.
As World War II came closer, the signs of fascism\'s failure in Italy were visible: private consumption had fallen to the level below that of 1929s, and the industrial production between 1929 and 1939 was much lower than the rates for other Western European countries. Labour productivity was low and production costs were uncompetitive. The fault lay in the shift of economic decision-making from entrepreneurs to government bureaucrats, and in the allocation of resources by government decisions rather than by free markets. Mussolini designed his system to satisfy the needs of the state, not of consumers. In the end it turned out that neither was satisfied.
Слова и выражения:ability
– способность, возможностьallocation
– распределение, размещениеaxe
– топорbundle
– связкаbureau
– бюроcompose
– составлятьcouncil
– советdictator
– диктаторeliminate
– уничтожать, упразднятьextensively
– экстенсивно, активноextraordinary
– экстраординарный, сверхъестественныйfascism
– фашизмfault
– ошибка, недостатокfeature
– являть собой, рисоватьmilitarism
– милитаризмnationalism
– национализмnazism
– нацизмproletarian
– пролетарскийpurchase
– приобретатьreduce
– сокращатьresolve
– разрешать, решатьrod
– прутsatisfy
– удовлетворятьshift
– сдвигsuffer
– страдатьsupervise
– осуществлять надсмотрsyndicalism
– синдикализмundermine
– подрыватьbe welcome
– быть желательнымWorld War I
– Первая мировая войнаturn nationalist
– превратиться в националистаCorporative State
– корпоративное государствоaim at preventing
– иметь своей целью предотвращениеclass struggle
– классовая борьбаmassive deficit spending
– значительные по объему расходы, создающие бюджетный дефицитpublic works
– гражданские работыprotectionist measures
– протекционистские мерыself-sufficiency
– самодостаточностьsyndicalist front
– синдикалистский фронтturn out – оказываться