Fascist Libertines?
Disregarding the most common controversies surrounding this film, I found it both horrendously counterintuitive and historically dishonest to have the story set in such a way as to portray the fascists as nihilistic, perverse, coprophiliac, sexually depraved etc., the chief reason being that fascist ideology espouses social conservatism (moral rigorism) as one of its main tenets...
I would have thought it far more plausible to have the story take place under a brutal communist dictatorship, for the protagonists are clearly inspired by revolutionary ideals such as open sexuality, permissiveness, opposition to established morality and traditional social constructs...