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Structural Reforms and the ‘Socialist’ Management of Capitalism

  • Chapter
The Long Search for a Third Way

Part of the book series: St Antony’s Series ((STANTS))

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Abstract

Both the PSI and the British Labour Party came to champion, at this stage of their histories, a quite similar ‘third way’ between a Keynesian mixed economy and communism. In contrast to the attempt by centre—right revisionists such as Crosland to pass off Keynesianism as socialism, ‘real’ socialism, as the following paragraphs will show, was reasserted as still valid and relevant.

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Notes

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  39. Ibid., p. 22. See also E. Bestazzi, La politica scolastica del PSI discussa nel Convegno Nazionale sulla Scuola ‘Politica Scolastica Integrata nella Politica di Sviluppo’, Rorna 26–27 maggio 1962 (Roma: Fratelli Palombi Editori, 1962); and G. Recuperati, ‘La politica scolastica dal centro-sinistra alla contestazione studentesca’, Studi Storici, no. 1 (1990), pp. 235–60, p. 242.

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  51. The principle of competitive public enterprise is restated but no specific industries are mentioned. See ‘Labour Manifesto 1959’, in Craig (ed.) (1974), op. cit., p. 201.

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  59. See on this the proceedings of the Convegno per le Partecipazioni Statali (Conference on State Shareholding) held in 1959. Ibid.

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  66. and members of a future Labour government; that the economist members of the committee (for example Nicholas Kaldor, Thomas Balogh, Robert Nield) should be invited to prepare as soon as possible, memoranda on economic planning with particular reference to overseas experience.

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  80. Ugo La Malfa’s ‘Nota aggiuntiva’ defined the economic programme of the government formed by Fanfani in March 1962. Ugo La Malfa was then the Budget Minister.

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  83. Italy experienced from the mid-1950s and, in particular, after 1958, a considerable growth in the consumption of consumer durables. From 1956 to 1957 money spent on TVs grew by 30 per cent. Similar figures apply to cars, washing machines, fridges, and so on: in the period 1951–62, the number of cars circulating on Italian territory almost trebled; washing machine ownership passed from 2.9 per cent (1958) to 32.2 (per cent) (1966); fridge ownership grew from 11.4 per cent (1958) to 59.9 per cent (1966). See D’Apice (1981), op. cit., pp. 35ff.

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  1. European Research Centre, Kingston University, UK

    Ilaria Favretto (Senior Research Fellow)

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© 2003 Ilaria Favretto

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Favretto, I. (2003). Structural Reforms and the ‘Socialist’ Management of Capitalism. In: The Long Search for a Third Way. St Antony’s Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781403920027_3

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