Heroic capitalism
Heroic capitalism or dynamic capitalism was a concept proposed by Benito Mussolini in a speech given in November 1933 to the National Council of Corporations of the Kingdom of Italy. The speech was given in the context of the ongoing Great Depression, and Mussolini attempted to explain the economic crisis in the world at the time by arguing that capitalism had gradually degenerated from its origins: first there had been dynamic or heroic capitalism (1830–1870), followed by static capitalism (1870–1914), in turn followed by the final form of decadent capitalism, known also as supercapitalism, which began in 1914.