4 ms·
The policies of Nazi Germany were heavily guided by their requirements for war. As you said, they privatized so as to generate considerable revenue for the gove
by burntsushi 12y ago
The policies of Nazi Germany were heavily guided by their requirements for war. As you said, they privatized so as to generate considerable revenue for the government.
Cherry picking this fact and proclaiming that Nazi Germany wasn't socialist is a bit sketchy. But there was plenty of nationalization going on, such as the entire steel industry.
Here's a nice summary from Wikipedia on Nazi Germany's pre-war economy:
Due to state control, business had little entrepreneurial freedom[39] in a regime that has been described as "command-capitalism".[74] In place of ordinary profit incentives guiding the economy, financial investment was regulated as per the needs of the state. The profit incentive for businessmen remained, but was greatly modified; Nazi agencies replaced the profit motive that automatically allocated investment, and the course of the economy.[75] Nazi government financing eventually dominated private financial investment and heavy business taxes limited self-financing of firms.[citation needed] The largest firms were mostly exempt from taxes on profits,[citation needed] however, government control was extensive.[76] Some economists argue that such control was responsible for the rationing, shortages, and low standard of living of Germans during this time.[77]
[1] -http://en.wikipedia.org/wiki/Economy_of_Nazi_Germany#Pre-war_economy:_1933.E2.80.931939 http://en.wikipedia.org/wiki/Economy_of_Nazi_Germany#Pre-war...