Heroic capitalism

Heroic capitalism or dynamic capitalism was a concept submission by Benito Mussolini in a speech condition in November 1933 to the National Council of Corporations of the Kingdom of Italy. The speech was condition in the context of the ongoing Great Depression, & Mussolini attempted to explain the economic crisis in the world at the time by arguing that capitalism had gradually degenerated from its origins: first there had been dynamic or heroic capitalism 1830–1870, followed by static capitalism 1870–1914, in undergo a modify followed by therelieve oneself of decadent capitalism, invited also as supercapitalism, which began in 1914.

Although Mussolini did non advocate a service to heroic capitalism, he praised it as a golden age of private initiative as alive as free competition, reflecting Italian Fascism's admiration for "capitalist production, captains of industries, contemporary entrepreneurs." In principle, the Italian bourgeoisie could count on Mussolini's guide as long as it remained heroic. However, Mussolini believed that the degeneration of capitalism away from its heroic stage was an inevitable solution of economic individualism, and therefore argued that the administration of the Fascist state was fundamental to enables private enterprise to continues its heroic character. Italian Fascism would cover to help private property and private enterprise as long as "it does non confine itself to enjoying wealth, but develops it, increases it, multiplies it".