Heroic capitalism
Encyclopedia
Heroic capitalism or dynamic capitalism was a concept that Italian Fascism
took from Werner Sombart
explanations of capitalist development. This phase was known by Sombart as "Early Capitalism" In 1933, Benito Mussolini
claimed that capitalism began with dynamic or heroic capitalism (1830-1870) followed by static capitalism (1870-1914) and then reached its final form of decadent capitalism, known also as supercapitalism
, which began in 1914.
Mussolini argued that although he did not support this type of capitalism he considered it at least a dynamic and heroic form. Fascists considered it a contribution to the industrialism and technical developments but claimed that it did not favour the creation of supercapitalism in Italy, due to its strong agricultural sector.
Mussolini claimed that dynamic or heroic capitalism degenerates into static capitalism and then supercapitalism due to the concepts of bourgeois economic individualism
, and instead he proposed a state supervised economy, although he contrasted it to Russian "State Supercapitalism". Italian Fascism presented the economic system of corporatism
as the solution that would preserve private initiatives and property while allowing the state and the syndicalist movement to intervene in the economy in the matters where private initiative intervenes in public affairs. This system would lead also to some nationalizations when necessary and the greatest participation of the employees in all the aspects of the company, and in the utility given by the company.
Italian Fascism
Italian Fascism also known as Fascism with a capital "F" refers to the original fascist ideology in Italy. This ideology is associated with the National Fascist Party which under Benito Mussolini ruled the Kingdom of Italy from 1922 until 1943, the Republican Fascist Party which ruled the Italian...
took from Werner Sombart
Werner Sombart
Werner Sombart was a German economist and sociologist, the head of the “Youngest Historical School” and one of the leading Continental European social scientists during the first quarter of the 20th century....
explanations of capitalist development. This phase was known by Sombart as "Early Capitalism" In 1933, Benito Mussolini
Benito Mussolini
Benito Amilcare Andrea Mussolini was an Italian politician who led the National Fascist Party and is credited with being one of the key figures in the creation of Fascism....
claimed that capitalism began with dynamic or heroic capitalism (1830-1870) followed by static capitalism (1870-1914) and then reached its final form of decadent capitalism, known also as supercapitalism
Supercapitalism (concept in Italian Fascism)
Supercapitalism was a concept that developed in Italian Fascism. Italy's Fascist leader, Benito Mussolini, claimed that at the stage of supercapitalism, "a capitalist enterprise, when difficulties arise, throws itself like a dead weight into the state's arms. It is then that state intervention...
, which began in 1914.
Mussolini argued that although he did not support this type of capitalism he considered it at least a dynamic and heroic form. Fascists considered it a contribution to the industrialism and technical developments but claimed that it did not favour the creation of supercapitalism in Italy, due to its strong agricultural sector.
Mussolini claimed that dynamic or heroic capitalism degenerates into static capitalism and then supercapitalism due to the concepts of bourgeois economic individualism
Individualism
Individualism is the moral stance, political philosophy, ideology, or social outlook that stresses "the moral worth of the individual". Individualists promote the exercise of one's goals and desires and so value independence and self-reliance while opposing most external interference upon one's own...
, and instead he proposed a state supervised economy, although he contrasted it to Russian "State Supercapitalism". Italian Fascism presented the economic system of corporatism
Corporatism
Corporatism, also known as corporativism, is a system of economic, political, or social organization that involves association of the people of society into corporate groups, such as agricultural, business, ethnic, labor, military, patronage, or scientific affiliations, on the basis of common...
as the solution that would preserve private initiatives and property while allowing the state and the syndicalist movement to intervene in the economy in the matters where private initiative intervenes in public affairs. This system would lead also to some nationalizations when necessary and the greatest participation of the employees in all the aspects of the company, and in the utility given by the company.