Word: peggio
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...least, the Partito Comunista Italiano (P.C.I.) has disowned one of the basic tenets of Marxist economic analysis: that capitalism is in the process of being destroyed by its own contradictions. "This [Italy's economic] crisis is not an invention of the capitalist world," says P.C.I. Economist Eugenic Peggio. "It is an objective event...
Call for Sacrifice. Peggie's prescriptions for Italy's economic ills could almost have come from the economic research department of an American bank (with one exception: the P.C.I, insists upon national planning). Like everyone else, Peggio wants better public administration, a more efficient tax system, better controls over public spending, an end to Italy's massive borrowing abroad, investment in labor-intensive industries as well as in the depressed Mezzogiorno, and a further crackdown on the flight of capital...
...There is a need for sacrifices," Peggio says. "But it is unacceptable that they be borne disproportionately by working people." The P.C.I, is vague in describing these sacrifices, but they might include curbs on meat imports, higher taxes on certain consumer goods, and steep price hikes for such basic services as transportation and electricity. The Communists are afraid to advocate the one policy that many economists consider essential if Italy is to bring down its 25% annual inflation rate, namely, British-style wage restraints (see following story). The Communists also claim to be in the best position to reason with...
...administrations; in their effort to win respectability, they have generally proved honest and efficient. Still, the party cannot hope to win 51% of the national vote unless some catastrophe strikes Italy, and the Communists claim they do not want that to happen. They have abandoned their old slogan, "Tanto peggio, tanto meglio" (The worse it is, the better it is for us), and often cooperate to help pass important bills (or at least refrain from sabotaging them). Deputy-Secretary Enrico Berlinguer, 48, Longo's designated successor, hopes to make the Communist Party the nucleus of a "new majority...
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