Bologna, September 10, 2026 – About struggle and government. In fact, a government ready to “do things that have never been done before in this country,” particularly in policies of wealth redistribution. Starting with the establishment of a sovereign fund also fueled by the resources of large public companies to finance welfare. Words of Francesco Boccia, leader of the Pd senators and a loyal supporter of the Democratic secretary Elly Schlein, who the other evening, at the Festa dell’Unità at Cevenini park, invited to close the event on the future of the center-left alliance in the city for 2027, highlighted some key points of the coalition aiming to conquer Palazzo Chigi and put an end to Giorgia Meloni’s government.
Economic policy
Speaking to what once would have been called ‘the base’ – and which perhaps under the Two Towers has remained the base –, Boccia certainly was not afraid to shift the coalition’s axis to the left, in terms of economic policy. “When people go shopping, they know they are worse off than four years ago – said the number one of the Democratic senators – and this creates that social anger on which Vannacci rides on the right and which we cannot underestimate. We must have courage.” Translated into practical terms: use resources from large public companies to finance welfare. Whether it is dividends, profits, or extra profits is not yet clear (and one can bet that all options are on the table), but the direction is evident.
Boccia: “Create sovereign fund to finance welfare”
“There are public companies like Eni, Enel, Poste, Terna, and Leonardo – Boccia listed in series – that are large because over all these years the State has been behind them with its strength. It is not lèse-majesté if we do something that in other countries is done almost naturally. In Norway, they have the largest sovereign fund in Europe aimed at financing welfare with the proceeds from oil sales. So, our proposal, if we get to lead the country, will be that a share from the large public companies goes into a sovereign fund to be built to finance welfare.”
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No fear, for Boccia, of being labeled “statists” or disappointing some big managers. Moreover, the Democratic leader in Palazzo Madama emphasized several times that towards Elly Schlein “there is great resistance from a certain part of the establishment,” which “does not understand her: indeed, it does not want to understand her, does not want to hear her and does not realize where we are heading, namely towards redistributive policies” capable of allowing “people to be better off, young people to study, and to intervene in the suburbs in time, not when it is already too late.”
The debate on how to redistribute a part of the wealth created thanks to international crises and skyrocketing energy costs is open. Who knows if the Norwegian model will manage to be introduced and established also in the Peninsula.
