“Corporations.” Premier Mussolini created last week, and announced that he would probably bestow upon himself, a new Cabinet title: Minister of Corporations.
The term “corporation” denotes at present in Italy not a business organization but the Fascist social mechanism through which a given class achieves representation before the Government and deals with other classes similarly organized. Thus groups of capitalists and laborers are legally restricted to dealing with one another through their “corporations,” which are to be firmly interlocked with the mechanism of the state through the Premier’s newly created office.
Centralization. By a Cabinet decree the power to issue banknotes was centralized in the Bank of Italy, and several new series of paper currency were authorized—at least one of which will bear the portrait of Premier Mussolini instead of that of the King.
300,000,000. The sum of 300 million lire was appropriated by a Cabinet order last week to be employed upon public works in the picturesque but badly run down Sicilian city of Palermo.
More Must-Reads from TIME
- Cybersecurity Experts Are Sounding the Alarm on DOGE
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Michelle Zauner Stares Down the Darkness
Contact us at letters@time.com