The referendum vote on the judicial system will, for better or worse, have significant consequences on economic growth. As with the two comparable elections in the past.
In 1948, the victory of political forces anchored to the Western bloc led to the long Italian economic boom until 1964. In 1985, the referendum confirmation of the decree on the sliding scale triggered a period of strong development that only stopped with the Tangentopoli trauma. In both cases, the rate of freedom and trust realized in society with the electoral signal was decisive.
Similarly, today, after 34 years of judicial anomaly with the consequent economic and social contraction, the confirmation of the reform would mark a prevailing climate of freedom and hope in the nation with predictable effects on the willingness to undertake initiatives. Even more necessary at a time when the technological leap of generative artificial intelligence offers extraordinary multiplying opportunities to the large manufacturing base and the now significant tertiary component.
The stakes are indeed very high in a country that has experienced an ideologized justice hostile to enterprise. The jurisprudential bestiary is enormous, but it is enough to recall the incredible Ilva saga. Only the persistent climate of fear can then explain the deafening silence of business associations. It confirms the fragility of intermediate bodies and their weak ability to represent the legitimate social interests that demand a rebalancing of powers and legal certainty.
These behaviors also confirm the usefulness of the reform. The exit from the long shroud that has compressed the Italian economy can have, by rebound, even more surprising effects on Italian vitality.
