Nazi economy

[Akitu]

Greetings,


Nazi Germany had a nationalized economy. How does the abolition of private businesses and their nationalization create a harmonious economy? Does it favor small business? Sorry, I'm trying to understand. I've never studied economics

 

[V12-POWER]

Greetings,


Nazi Germany had a nationalized economy. How does the abolition of private businesses and their nationalization create a harmonious economy? Does it favor small business? Sorry, I'm trying to understand. I've never studied economics

the Third Reich did not abolish private businesses or any kind of private property. From Mein Kampf (stalag edition) in own Hitler's words, he attended various lectures/talks by Gottfried Feder. It was Feder who gave Hitler a deep and true understanding of economics, later on this was the base of the 25 points of the NSDAP party.

One of the books I could find from Feder ( here ) It is explained clearly what was the problem of Germany after WWI and the treaty of Versailles. INTERNAL DEBT, caused at the time by the war bonds, but also the problem that needed fixing, loan-capital vs actual workforce capital/goods. This is also a problem that persists today; the root problem of almost every country on the face of the earth is greedy interest on money, money devaluation created every time a loan is given by a bank.

To understand modern economics it is a must to read the book by Feder, it is eye opening in the sense that interest is seemingly harmless. I wont spoil the fun you can read it and find out yourself how we are getting shafted everytime a loan is emitted...