Italy is not ”hyper-socialist”; presupposing it is merely renders conversation about the causes difficult. Rather, the country’s growth model was for decades ba

Italy is not ”hyper-socialist”; presupposing it is merely renders conversation about the causes difficult. Rather, the country’s growth model was for decades based on a manufacturing economy whose competitiveness was sustained by progressive devaluation of the currency, for as long as one was available. Similarly, growth was funded by public debt whose affordability derived from inflation. The houses somebody mentions: those are mainly owned by the people themselves, as a manner of protecting their savings. Italy’s been brought down not by socialism but by incomplete, inchoate, puerile mismanagement rooted in a misunderstanding in what capitalism actually is.