Thread by @MrGoldstein7

"The foreign critics condemn the Nazi system as capitalist. In this age of fanatical anti-capitalism and enthusiastic support of socialism no reproach seems to discredit a government more thoroughly in the eyes of fashionable opinion than the qualification of pro-capitalistic."

"But this is one charge against the Nazis that is unfounded. [..] The Zwangwirtschaft (compulsory economy) is a 𝘀𝗼𝗰𝗶𝗮𝗹𝗶𝘀𝘁 𝘀𝘆𝘀𝘁𝗲𝗺 of all-round 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 of business."

"It is true there are still profits in Germany. Some enterprises even make much higher profits than in the last years of the Weimar regime. But the significance of this fact is quite different from what critics believe."

"There is 𝘀𝘁𝗿𝗶𝗰𝘁 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 of private spending. No German capitalist or entrepreneur or any one else is free to spend more money on his consumption that the government considers adequate to his rank and position in the service of the nation."

"The surplus must be deposited with the banks or invested in domestic bonds or in the stock of German corporations wholly 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗲𝗱 𝗯𝘆 𝘁𝗵𝗲 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁. Hoarding of money or banknotes is strictly forbidden and punished as high treason."

"Even before the war there were no imports of luxury goods from abroad, and their domestic production has long since discontinued. 𝗡𝗼𝗯𝗼𝗱𝘆 𝗶𝘀 𝗳𝗿𝗲𝗲 to buy more food and clothing than the allotted ration. Rents are frozen; furniture and all other goods are unattainable."

"Travel abroad is permitted only on government errands..."

"German 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗳𝗿𝗲𝗲 to distribute their profits to the shareholders. The amount of the dividends is strictly limited according to a highly complicated legal technique."

"It has been asserted that this does not constitute a serious check, and the corporations are free to water the stock. This is an error."

"They are free to increase their nominal stock only out of profits made and declared and taxes as such in previous years but not distributed to the shareholders."

"As all private consumption is strictly 𝗹𝗶𝗺𝗶𝘁𝗲𝗱 𝗮𝗻𝗱 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗲𝗱 𝗯𝘆 𝘁𝗵𝗲 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁, and as all unconsumed income must be invested, which means virtually lent to the government, high profits are nothing but a subtle method of taxation."

"The consumer has to pay high prices and business is nominally profitable. But the greater the profits are, the more the government funds are swelled. The government gets the money either as taxes or as loans. Everybody must be aware that these loans will one day be repudiated."

"For many year German business has not been in a position to replace its [decaying] equipment...
The fallacious doctrines of Nazism cannot withstand the criticism of sound economics, today disparaged as orthodox."

"But whoever clings to the dogmas of popular neo-Mercantilism and advocates government control of business is impotent to refute them. Fabian and Keynesian 'unorthodoxy' resulted in a confused acceptance of the tenets of Nazism."

It's application in practical policies frustrated all endeavors to form a common front of all nations menaced by the aspirations of Nazism."

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