Italy: The Comrades Turn Bullish

The Comrades Turn Bullish

What would Marx and Lenin think? In an act of ideological heresy, L'Unita, the official newspaper of the Italian Communist Party, has started to print capitalism's most closely watched barometer: the daily stock report. For the first time in its 61-year history, the Rome-based daily (circ. 200,000) is including the closing prices for all 212 issues traded on the Milan stock exchange, Italy's largest, as well as quotations for gold, silver and treasury bonds. L'Unita's decision to take a page from the Wall Street Journal was partly a response to the paper's changing readership. It used to be mostly working class,...

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