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THE FIRST PRIVATIZATION: SELLING SOEs AND PRIVATIZING PUBLIC MONOPOLIES IN FASCIST ITALY (1922-1925)

Germà Bel ()

No 235, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: Italys first Fascist government applied a large-scale privatization policy between 1922 and 1925. The government privatized the state monopoly of match sale, eliminated the State monopoly on life insurances, sold most of the State-owned telephone networks and services to private firms, reprivatized the largest metal machinery producer, and awarded concessions to private firms to build and operate motorways. While ideological considerations may have had a certain influence, privatization was used mainly as a political tool to build confidence among industrialists and to increase support for the government and the Partito Nazionale Fascista. Privatization also contributed to balancing the budget, which was the core objective of Fascist economic policy in its first phase.

JEL-codes: G38 L32 L33 N44 H11 (search for similar items in EconPapers)
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Date: 2009
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Related works:
Journal Article: The first privatisation: selling SOEs and privatising public monopolies in Fascist Italy (1922--1925) (2011) Downloads
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