In 1974-75 the world “restructuring crisis” had begun – capital overproduction and export of means of production from the big capitalist countries found an outlet in the new emerging countries within the framework of “a global pace lasting for more than two decades.”
In Italy, where restructuring was delayed, the recovery took place in connection with the world cycle and through the devaluation of the Lira. Italian imperialism lost a share of its strength in the world market. The 1976 general election confirmed the trend to a State two-party scenario, with the DC and PCI winning together 73% of cast votes. It was the beginning of the “national solidarity” cabinets. The PCI remained an “auxiliary” party, compelled to suffer the DC’s eroding action. These were years of sharp political imbalance and “petty-bourgeois intellectual terrorism” was one of its poisoned products. We were on the threshold of deep social restructuring – the generational turnover of the peasant, commercial and artisan petty bourgeoisie was recycling itself in the civil service. The revolutionary organisation would march ahead towards the 1980s, to that demanding decade of economic, social and political change.