50 Brosio and Marchese (1986) provide data even more stark than those in Ragioneria Generale dello Stato (RGS, 2011). Th ey show that redistributive expenditures dropped more than three times from 1922 to 1924 (from 6,664 million lire to 1,911 million lire). If aft er World War I redistributive expenditures had quickly increased to reach 26 percent of total public spending in 1921, they were cut back to 11 percent by 1923 (elaborations from the data in Brosio and Marchese 1986, tables 1A and 4A).

Clara E. Mattei, The Capital Order, loc. 1709