The present and expected effects for the future of the pandemic which is severely affecting the Italian economy have determined absolutely reprehensible behaviors and reactions of Italian authorities and management groups, completely lacking even from the institutional point of view of their political-economic culture, which neglects any sign of institutional and social responsibility. It is a regression of institutional, cultural and political responsibility which does not suggest that they have understood what is also happening in the depths of society and the productive fabric, in the relationship between capital and labour. Many limit themselves to observing that today we have to face the most serious crisis, as Monsieur de La Palice would also say.
Indeed, we were used to analyzing economic crises from the demand side, for which the most extravagant recipes for its revival were elaborated. Today, with the Coronavirus spreading, instead we are facing a crisis on the supply side, which involves the risk of not producing goods and services. It is a price to pay which no one, families and businesses, will be able to escape and which will be demanded a profound revision of the Italian industrial structure from predominantly mercantile to industrial, as well as the pervasive lack of confidence in the ability to control the functioning of markets for goods and services.
It contributes to such distrust either the silence of Consob and the nineteenth-century attitude of Confindustria "master of the ironworks".. The first is sleeping silent in the face of what is happening on the risk capital markets. The second is expressed with repeated political and cultural slips of grammar (recalling the times of Dickens' novels), not separated from programmatic blindness, aimed at favoring capital over labour. The first irresponsibly leaves the Milan Stock Exchange open where very short-term speculation is rampant, completely indifferent to the monetary policies that will flood the most diverse economies with liquidity. What Consob is waiting for to suspend negotiations is impossible to understand in its silence.
instead Confindustria she talks incessantly, blinded by the potential effects on the Italian industrial fabric, and believes without any hesitation of social responsibility that the right to health of workers is negotiable like any other right and that this right should be opposed to the right to survive the company.
In summary, between Consob and Confindustria, it is a cultural political leap in the nineteenth century that does not bode well for the ability to deal with the enormous cultural and political challenges that today's crisis will leave to the Italian ruling classes.
Bgd, vracar