This transcript captures an explosive interview with former IRI executive Antonio Fierro, who provides an insider's account of the history and subsequent dissolution of Italy’s massive state holding system. Fierro stresses that organizations like the IRI were vital to the Italian economic boom and were successful, creating employment and generating national utility within a strong mixed economic model, not the "carrozzone" (loss-making) entities they were later branded as. He alleges that the privatizations of the 1990s, driven by external European pressure and engineered by domestic figures like Prodi and Draghi, amounted to a "saccheggio" (looting) of the nation’s wealth. The core accusation is that valuable state assets—including essential banks and public infrastructure like Autostrade—were sold to private buyers for derisory prices or even without full payment, transferring critical resources that legally belonged to the Italian people. Ultimately, the interview serves to vehemently critique the process that dismantled this successful public sector, arguing it harmed the country for the benefit of private or foreign interests.