A call on the Italian policy makers. We urge you to read or re-read the essay “The crisis of the tax state” that Schumpeter published in 1918. Following the thinking of the influential Austro-American economist, “capitalist reality is first and last a process of change”. The Italian stationary capitalism is a contradiction in terms.
The interference of policy makers in the process of new venture creation is the stronger the higher the number of them embedded in the public sector or coming from bodies and businesses collateral to the public administration. Hence the prevalence of regulatory policies, which make the bureaucracy of the central and local public administrations grow.
