Giulio Sapelli

Power and Authority in Italy

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Up until the end of the 1990s, the decline of public and private enterprises in Italy and the close alliance between capitalism and the banks produced an economic construct that I have defined marketless capitalism. Privatizations have since transformed it into a nepotistic capitalism, and today, due to the persisting economic crisis, the power (banks, industries, etc.) that had embodied this capitalism is collapsing.


  • Power
  • Capitalism


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