Eh... I started up as Two Sicilies, but it was because I changed to the PDM, and they don't have State Capitalism in PDM! They don't have Capitalists either! I'm actually using my National Focus points, trying to encourage Capitalists. My budget is hard to balance.
I now have a solid industrial base, although I still can't hold down Great Power status and am becoming a basic backwater of Italy (Sardinia-Piedmont overshadows me). For some reason, now that I have PDM it's "impossible" to ally with a country I have 200 Relations with.