Unfettered Crony Capitalism

July 25, 2023Posted inEconomic-Disparities, History, North-South
This post describes the corrupted system that the Italian nation established in its early years. This system can be defined as an early example of unfettered crony capitalism that has plagued the nation since then. Crony capitalismi is an economic system that is characterized by close, mutually advantageous…

The Tale of Two Banks

July 25, 2023Posted inHistory, Naples, TwoSicilies
Introduction Before we talk about banks, let's remember what the economic situation of the Kingdom of Two Sicilies was compared to that of all the other states of the peninsula, including the Kingdom of Sardinia (Sabaud Kingdom). The following figure shows this situation. In a nutshell, the economic…