Markets do respond to need, and competition is a very healthy force for improvement, but market functioning can be impeded by poor infrastructure, uneven regulation, natural or regulatory monopolies, and even cartelization. While enlisting competitive forces wherever possible to compete for the bottom of the pyramid’s business, as a development central bank we also need to offer a supportive hand.
Spinelli was at once fascinated by the “Junius” articles; Rossi managed to get through to him material on the debate on federalism in England, including works of Lionel Robbins. We may say that Einaudi contributed indirectly to the birth, in 1941, of the Manifesto di Ventotene, a cornerstone of the European political federalist movement.