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submitted 2 years ago* (last edited 1 month ago) by AnarchoBolshevik@lemmygrad.ml to c/capitalismindecay@lemmygrad.ml

Quoting Professor Gian Giacomo Migone’s The United States and Fascist Italy, pgs. 9094, and 121:

In studying the abundant and detailed documentation available on the issue of war debt, the lasting impression is that the biggest merit of Mussolini and his staff was to surround themselves with the best counsel and heed their advice.

Among all the possible interlocutors in the banking world, the Fascist government privileged J.P. Morgan & Co. becoming one of their principal clients. […] the House of Morgan was correctly judged to be best suited for guiding a foreign government such as that of Italy through the long and complex path leading to economic success, starting with the key first step of reaching an accord on war debt.

[…]

The services provided by the House of Morgan to the [Fascist] government, in sum, were not those usually offered even by the largest banks to important clients. […] the associates of the Morgan Bank became, even more than the bankers of the Fascist government, its financial and political counsel — those who could guide it through the thickets of the American power structure, avoiding congressional and isolationist pitfalls, to the point that their influence reached even into the Coolidge administration.

(Emphasis added.)

So much for fascism’s opposition to ‘international finance’…

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Capitalism in Decay

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Fascism is capitalism in decay. As with anticommunism in general, the ruling class has oversimplified this phenomenon to the point of absurdity and teaches but a small fraction of its history. This is the spot for getting a serious understanding of it (from a more proletarian perspective) and collecting the facts that contemporary anticommunists are unlikely to discuss.

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