The Myth of Nazism as Crony Capitalism Part 2 — Joshua Lino: The Charlatan
by Zoltanous
On December 3rd, 2025, Joshua Lino — this self-proclaimed “syndicalist” posted a Substack rant aimed at tearing apart my critique of his Hitler’s Economy: A Case Study of Crony Capitalism. In his so-called exposé, Zoran Zoltanous: The Story of a Pseudo-Intellectual, Lino stakes everything on portraying the Third Reich as a prime example of crony capitalism gone wrong: backroom deals for the elites, workers getting the short end, and a system riddled with failures. But dig a little deeper, and it’s clear his take is just half-truths, twisted history, and dodging the real story of the Nazi regime’s totalitarian nature. This breakdown hits back at every point he makes to expose how his cronyism fairy tale falls apart against the backdrop of the Third Reich’s purposeful command economy. Swing and a miss, Lino — your “debunk” just debunked yourself.
Lino starts by owning up to the agricultural job cuts under Hitler but argues they wrecked self-sufficiency, insisting a solid farming foundation is key for industry. He harps on the 5,600 farms seized for the Westwall, how market regulations crushed small farmers, and those lingering 15% food imports in 1939 (heavy on proteins and fats), plus drops in consumption from 1927-1937 — 17% for meats, 21% for milk, 46% for eggs — and ongoing protein shortfalls. Come on, that’s missing the point entirely. Lino glosses over how the Reich Food Estate deliberately moved underperforming rural workers into more productive areas to boost overall output. Imports hung around, yeah, but by 1939, Germany had reached 83% self-sufficiency in core crops, with calories held steady thanks to synthetic alternatives and efficient resource pulls. He acts like farms were untouchable; in reality, they were restructured for the greater good of the people. By 1939 the degree of self-sufficiency had risen to 83% for all foodstuffs, as shown in The Wages of Destruction by Adam Tooze
Lino crows about my admission that calorie boosts came from conquered territories, saying domestic policies just made shortages worse, exploding in the late war. Not quite — this actually shows the system’s strength in expansion; home supplies kept rising until 1942. That “acute” crisis he mentions? It was managed through state rationing, keeping people fed far longer than he would suggest. In 1936 prices were frozen, and on January 1, 1937, rationing was introduced for butter, margarine and fat; consumption of coffee and citrus. Proved by Mark Spoerer and Jochen Streb i. Guns and butter. He pulls a fast one claiming the Four-Year Plan ignored reskilling, just shoving people into construction, farming, or the military. Wrong! Evidence shows it included training programs to plug gaps in critical industries. Lino’s either overlooking this or hoping no one notices.
“The German armed forces must be operational [einsatzfähig] within four years. The German economy must be fit for war [kriegsfähig] within four years.”
— Adolf Hitler, confidential memo on Autarky in August 1936
In this context, it also proves that they necessarily didn’t force themselves into a position of having to go the war, war was the aim from the get go.
“For Hitler... the strategy of economic expansion was a necessary outcome of the already existing incongruity between Lebensraum [Living Space] and population. In order to bring both factors back into line again, and to realize an autarkic large-area economy, the conquest of new Lebensraum was first necessary. But before this Lebensraum had been conquered, autarky could not be realized, from which it follows that trade had to continue, and therefore competition... We are dealing here with a circulus vitiosus of which Hitler was certainly well aware. His solution: by first employing emergency measures, for example the production of synthetic raw materials and the substitution of such raw materials that would otherwise have to be imported, to achieve a limited ‘temporary’ autarky and thereby create the conditions... for war. After the conquest of Lebensraum in the East, a true autarky which could be maintained in the long-term could be created out of the ‘temporary’ autarky with the aid of the raw material and agricultural areas now available. The ‘temporary’ autarky was therefore only an emergency solution.”
— Rainer Zitelmann, Hitler: The Policies of Seduction
When it comes to autarky in coal, iron, and synthetics, Lino complains about iron imports ballooning fivefold from 1932-1936, synthetics only covering half of oil needs by 1943 (with 25% from Romania), and the failure of “nutritional freedom” with 17% crop imports right before WWII. These were temporary fixes, plain and simple — synthetics hit 50% of fuel by 1940, paving the way for real independence.
“The Third Reich caused a dozen hydrogenation plants to be built between 1936 and 1943. At the height of the war in 1943–44 these plants were producing significant synthetic fuel output.”
— Anthony N. Stranges, Germany’s Synthetic Fuel Industry
Overy’s mention of spending jumping from RM4,000m to RM16,000m? Lino blames it on inflation and military demands, funded through MEFO deficits. What he skips is how MEFO cleverly kept inflation in check while fueling rearmament — a smart dodge he won’t acknowledge. This financing strategy they used to avoid inflation for the war is pretty much war Keynesianism, a type of MMT. This scheme secretly funded Germany’s rearmament, bypassing the Treaty of Versailles’ limits on government borrowing.
“During that period, and among his achievements as “money wizard”, Schacht had created an elaborate system for hiding gold reserves from the official balance sheets of the Reichsbank by placing them in five special accounts created for the purpose. Postwar testimonies of Reichsbank officials claimed that Schacht’s plan for the hidden account was to save enough gold reserves for supporting a return to a ‘free market’ economy. The same officials also claimed that after Goering was informed about the account in 1938 he started using it as a ‘war reserve’ - contrary to Schacht’s wishes. But a more informed statement by Emil Puhl, vice-president of the Reichsbank between February 1939 and May 1945, admits that the special account was known as the ‘war reserve’ already by 1937, when Schacht was still president. Contrary to his later testimonies, this hidden gold reserve was used for the purposes of re-armament until 1939. Finally, balance sheet statements recovered by American officials show that this ‘hidden reserve’ continued to be utilised at least until 1942.”
— Notes on The Crisis, “THE FIRST CAUSE OF STABILITY OF OUR CURRENCY IS THE CONCENTRATION CAMP”: CENTRAL BANKER SOLIDARITY ON THE ROAD TO HITLER’S CZECHOSLOVAKIAN GOLD
Explains the MEFO bills functions
Page from the recovered balance sheet statements of the Reichsbank highlighting the hidden gold reserves.
Declassified E.O. 12065 Section 3-402/NNDG, No. 775059
The initial economic recovery praised by some came with a critical caveat: the system of excessive deficit spending was fundamentally unsustainable in the long run and would have led to a debt crisis. Hjalmar Schacht was well aware of this and, after unemployment was virtually eliminated, cautioned Hitler that the government needed to cease its spendthrift behavior. Schacht — a main proponent of massive initial public works investments like the Autobahn — saw the necessity of rolling back the state’s economic activities once the immediate goal of solving unemployment had been achieved. He urged Hitler to slash military spending to reduce the deficit, remove trade barriers, and allow the state to retreat from its regimentation of the German economy. Schacht aimed to put Germany on a path to free market economic growth.
Unfortunately for Schacht, Hitler’s central goal was to wage a war, and he ignored this advice. In Hitler’s mind, debt was no problem because Germany could fulfill its financial obligations by looting and conquering other nations. To achieve this end, Hitler dismissed Schacht, instead listening to Hermann Göring. Under Göring’s direction, all the government expenditures of the first two years of the Nazi government were amplified to ready Germany for conflict. The protectionist Autarky policy was fully employed to reach economic self-sufficiency, and military expenditures continued to rise precipitously.
Source: Bernd Sösemann, ed. in collaboration with Marius Lange, Propaganda. Medien und Öffentlichkeit in der NS-Diktatur. vol 2.
Lino spins the 8.5% rise in subsistence spending by 1943 as evidence of tightening belts. Hardly, it reflects clever adjustments that maintained calorie levels; his “shrinking” story is the one that’s thin.
Lino goes off on how I throw “corporatist” around too loosely — applying it to tripartite bargaining, some corporatist commerce ideas, even the Nordic Model — like it’s the same as fascist legislative bodies. If state mediation counts as corporatist, he says, then the SPD qualifies too (they do), since bargaining existed before the Nazis; social corporatism/neo-corporatism is the heart of social democracy. Boom, yes everything here is corporatist! He adds that Nazis rejected class collaboration, citing Ley’s calls for workers to submit to industrialists. This is a straight up lie or a weak misread. Corporatism is about organizing professions to guide the economy and society under state direction; the Nazis adapted it into 28 employer-employee corporations overseen by the Reich Economy Ministry, handling wages and quotas.
Now, about that “state capitalism” label he slings as an insult — calling it an anti-democratic monopoly masquerading as state control — it actually fits corporatism one to one. They’re intertwined: the state wielding capitalist elements for broader collective aims, not a chaotic elite playground. If it’s anti-democratic, well, that’s inherent to the fascist approach, mirroring Mussolini’s setup for power concentration. SPD’s mediation? Sure, a milder form of corporatism; the Nazis intensified it into a Third Way that obliterated everything in it’s path — Ley’s rhetoric was about imposing unity, not mere subservience to bosses. Another thing to consider is that Nazism itself grew out of social democracy in German society, so it is perfectly logical to deduce economic continuity, which is most certainly the case, because all of the people who created the early iterations of what would become national socialism or Nazi and proper members of that tradition like Rudolf Jung disagreed with the dictatorial tendencies that came, but at the end of the day, socialism is justification for control and implies authority. So Lino’s approaching pretty much as somebody with anarchistic grievances in my view. Jung, as a key theoretician, synthesized elements from social democracy, guild socialism, georgeism, mutualism, and völkisch nationalism, influencing Hitler’s adoption of the “National Socialist” label and emphasizing anti-capitalist policies like socialization of monopolies and eradication of unearned income, drawing from figures like Ferdinand Lassalle and Bismarck’s state socialism/state capitalism.
“Corporatism simultaneously designates a particular interest-group structure (monopolistic, centralized, and internally non-democratic) and a particular mode of policymaking known as concertation or social partnership.”
— Luciano Baccaro, What Is Alive and What Is Dead In The Theory of Corporatism
His snarky take on forced labor being “nigh-comical”? I positioned it as a supplement to the planned economy, eliminating unemployment through redistribution — not a sign of cronyism, but proof of state supremacy. Nice try twisting that. On Bel’s paper? Lino flaunts the privatization details — steel, mining, banks offloaded in the mid-1930s, Winterhilfe handed to party groups, Thyssen’s steel tweaks for loyalty. But he buries the lede: Bel concludes these were outliers, later undone, and the overall thrust was against liberalization. Hiding that to bolster your crony tale? Classic charlatan move.
“It seems clear that neither the Nazi Party nor Hitler had an ideological devotion to private ownership. In his theoretical work on the relationship between politicians and firms, Shleifer and Vishny have stressed that anti-market governments are compatible with privatization, as long as they can retain control over the firms through strong regulation.”
“Whereas modern privatization in the EU has been parallel to liberalization policies, in Nazi Germany privatization was applied within a framework of increasing control of the state over the whole economy through regulation and political interference.”
— Germà Bel, Against The Mainstream: Nazi Privatization In 1930s Germany
Relevant video on “privatization”
State socialism has almost never fully abolished capital. Mao writes that:
“To counter imperialist oppression and to raise her backward economy to a higher level, China must utilize all the factors of urban and rural capitalism that are beneficial and not harmful to the national economy and the people’s livelihood; and we must unite with the national bourgeoisie in common struggle. Our present policy is to regulate capitalism, not to destroy it. But the national bourgeoisie cannot be the leader of the revolution, nor should it have the chief role in state power. The reason it cannot be the leader of the revolution and should not have the chief role in state power is that the social and economic position of the national bourgeoisie determines its weakness; it lacks foresight and sufficient courage and many of its members are afraid of the masses.”
— Mao Zedong, On The Peoples Democratic Dictatorship
and Lenin stated:
“Get down to business, all of you! You will have capitalists beside you, including foreign capitalists, concessionaires and leaseholders. They will squeeze profits out of you amounting to hundreds per cent; they will enrich themselves, operating alongside of you. Let them. Meanwhile you will learn from them the business of running the economy, and only when you do that will you be able to build up a communist republic.”
— Vladimir Lenin, The New Economic Policy and The Task of The Political Education Departments
How is this any different than Hitler and Mussolini here? This is state capitalism/state socialism aka corporatism you dolt!
“The nationalization of big industry was never attempted after the Nazis came into power. But this was by no means a “betrayal” of their program, as has been alleged by some of their opponents. The socialization of the entire German productive machinery, both agricultural and industrial, was achieved by methods other than expropriation, to a much larger extent and on an immeasurably more comprehensive scale than the authors of the party program of 1920 probably ever imagined. In fact, not only the big trusts were gradually but rapidly subjected to governmental control in Germany but so was every sort of economic activity, leaving not much more than the title of private ownership. Gradually but rapidly, out of the necessity first of creating employment and afterward of building up a huge armament system, grew an economic system that made the state as much an economic dictator as it was from the beginning a political dictator.”
— Gustav Stolper, German Economy, 1870–1940
Favoring Thyssen? Just tactics within the state’s grip, channeling production socially without full seizures — not unchecked cronyism. They did however, soon reach direct nationalization.
“Soon Germany will not be any different from Bolshevik Russia… The heads of enterprises who do not fulfill the conditions which the Plan prescribes will be accused of treason against the German people and shot.”
— Fritz Thyssen quoted in War and Economy In The Third Reich by Richard Overy
“The destruction of the labour movement in the following months convinced many businessmen that they were right to back the new regime. But as time went on, businessmen found that the regime had its own objectives that increasingly diverged from their own. Chief of these was the ever more frenetic drive to rearm and prepare for war. Initially, business was happy to accommodate itself to this objective, which brought it renewed and then increased orders. Even consumer goods producers benefited from the armaments-driven economic recovery. But within a few years, as the regime’s demands began to outstrip German industry’s capacity to fulfil them, industrialists’ doubts began to grow. Few industrialists’ reactions to this process were as sharp as those of the steel boss Fritz Thyssen, whose support of the Nazi Party before 1933 was as extreme as the extent of his disillusion with the movement six years later. In 1939 Thyssen bitterly condemned the state’s direction of the economy and prophesied that the Nazis would soon start shooting industrialists who did not fulfill the conditions prescribed by the Four-Year Plan, just as their equivalents were shot in Soviet Russia. He fled abroad after the outbreak of the war, his property was confiscated by the Gestapo, and he was subsequently arrested in France and put into a concentration camp.”
— Richard J. Evans, The Third Reich In Power
Thyssen, was stripped of his company by Hitler’s regime in 1939 after he broke with the Nazis, and his company was nationalized. Thyssen was later arrested by the Vichy government in 1940 and handed over to the Germans, where he was held in concentration camps until the end of the war. This isn’t crony capitalism and you know this isn’t, why are you playing dumb with me? As we’ve seen with Thyssen here, what was the legal role of property in the Reich then Lino?
“The National Socialist view of property resembles the medieval German feudal system of enfeoffment. Both establish a fiduciary relationship between the property owner and the folk-community. This form of property rights—encompassing profit, participation, and administration—is limited by constant oversight to protect public interests. It prevents owners from exploiting their holdings ruthlessly and obliges them to maintain their property responsibly. Under National Socialism, property is seen as a loan from the folk-community, which can reclaim it if misused or if it violates the public good, ensuring accountability to the common law.”
— Dr. Hans Buchner, Grundriß einer nationalsozialistischen Volkswirtschaftstheorie
“‘Private property’ as conceived under the liberalistic economic order… represented the right of the individual to manage and to speculate with inherited or acquired property as he pleased, without regard for the general interests… German socialism had to overcome this ‘private,’ that is, unrestrained and irresponsible view of property. All property is common property. The owner is bound by the people and the Reich to the responsible management of his goods. His legal position is only justified when he satisfies this responsibility to the community.”
— Ernst Rudolf Huber quoted in Readings on Fascism and National Socialism by Raymond E. Murphy
According to these two Nazi theorists and economists of the National Socialist era, private property was not considered an absolute individual right but rather a conditional loan or enfeoffment from the state and the national folk-community. Property owners were viewed as stewards responsible for managing assets for the common good, adhering to the principle of Gemeinnutz geht vor Eigennutz (The common good before the self good). The state retained constant oversight and the power to intervene or confiscate property if its use conflicted with national interest or the regime’s economic goals. Moreover, Hitler abolished the constitutional protection of property, specifically Article 153, through the Reichstag Fire Decree of February 28, 1933. This suspended all civil liberties, including the right to own property, allowing the Nazi regime to impose restrictions, orders for confiscation, and other limitations on property rights beyond what was legally prescribed. That essentially destroys the very functions of private property.
“The decree of February 28, 1933, nullified article 153 of the Weimar Constitution which guaranteed private property and restricted interference with private property in accordance with certain legally defined conditions… The conception of property has experienced a fundamental change. The individualistic conception of the State—a result of the liberal spirit—must give way to the concept that communal welfare precedes individual welfare.”
“The owner of the property was helpless, since under fascism there is no longer an independent judiciary that protects the property rights of private citizens against the State. The authoritarian State has made it a principle that private property is no longer sacred.”
— Günter Reimann, The Vampire Economy
“By 1939, businessmen were subject to a whole range of controls on imports, the distribution of raw materials, prices, wages, employment, capital markets, and so on. The Government dictated to a large extent what and how much they should produce, the amount of new investment, where new plants should be built, the type and amount of raw materials to be used, what prices to charge their customers and what wages to pay their employees, the amount of profit they could take and how it should be used—largely in reinvestment or for the purchase of Government bonds.”
— Jeremy Noakes and G. Pridham, Nazism, 1919–1945: State, Economy, and Society, 1933–1939
Those abstract quotes you wave around? They actually support the idea of tactical sales, not a crony foundation. Way to own yourself by citing stuff that backs me up dude! Ley’s “cherry-picked” quotes? Lino drags out Shirer’s account (who is considered useless by Sir Richard Evans and any serious modern historians) — unions stormed on May 2, 1933, funds grabbed, leaders locked up, a law killing bargaining, trustees dictating contracts and banning strikes, Ley reinstating employer “mastery.” But the full picture demands reciprocity: workers and managers as equals in the community, no hierarchies, raising labor to a national ideal. Your “master” fixation ignores the harmony mandates — take it up with Ley, not me.
“Firm leaders and workers should organize things themselves as much as possible, They should work things out and be comrades together.”
— Robert Ley, speech in November 3, 1936
Ley’s line about “buried hopes”? That’s aimed at Marxist unions, not corporatism; his Strasserite background (joining NSDAP in 1924 with anti-bourgeois fire) shaped the DAF as a bulwark against division — stepping in for Strasser in ‘32 doesn’t wipe that out. “Labor aristocrat”? Ley’s chemistry background aside, he championed the working class, pulling them from proletarian drudgery into shared strength. Your pharmacist jab? Lame. Lino’s own Ley quote undermining owner dominance? Ley’s talking leadership within mutual respect — debate the results if you must.
“The record of court proceedings for 1939 demonstrates that the labor law primarily safeguarded the well-being of employees rather than their overseers. During that year, the courts conducted 14 hearings against workers and 153 against plant managers, assistant managers and supervisors. In seven cases, the directors lost their jobs”.
“Few Germans could afford to travel prior to Hitler’s chancellorship. In 1933, just 18 percent of employed persons did so. All were people with above-average salaries. The KdF began sponsoring low-cost excursions the following year, partly subsidized by the DAF, that were affordable for lower income families. Package deals covered the cost of transportation, lodging, meals and tours. Options included outings to swimming or mountain resorts, health retreats, popular attractions in cities and provinces, hiking and camping trips. In 1934, 2,120,751 people took short vacation tours. The number grew annually, with 7,080,934 participating in 1938. KdF “Wanderings”-- backpacking excursions in scenic areas— drew 60,000 the first year. In 1938 there were 1,223,362 Germans on the trails. The influx of visitors boosted commerce in economically depressed resort towns…
In its endeavors to fully integrate labor into German society, the KdF introduced cultural activities as well. Its 70 music schools offered basic instruction in playing musical instruments for members of working class families. The KdF arranged theater productions and classical concerts for labor throughout the country. The 1938 Bayreuth Festspiel, the summer season of Richard Wagner operas, gave performances of Tristan und Isolde and Parsifal for laborers and their families. The KdF also established traveling theaters and concert tours to visit rural towns in Germany where cultural events seldom took place.”
“The National Socialist government required that all working people be guaranteed a minimum of six days off after six months’ tenure with a company. As seniority increased, the employee was to earn twelve paid vacation days per annum. The state extended the same benefits to Germany’s roughly half a million Heimarbeiter, people holding small contracts with industry who manufactured components at home. Contracting corporations financed their holidays as well. Ley fought the labor ministry for years before finally extending the work force has paid annual leave to four weeks.”
“Another proposal introduced by the DAF leader was that when workers have to stay home due to illness, the employer must continue to pay 70 percent of their salary. Employees absent from work to care for family members would receive the same compensation. Once again, Ley advocated tapping into the profits of industry to elevate the standard of living for labor. Ley and Conti eventually compromised, signing a national healthcare agreement at Bad Saarow in January 1941. It authorized the founding of free local clinics, annual physicals for all citizens, and state financed coverage for medical treatment of sick and injured persons. This negated the need for people to purchase medical insurance. To offset expenditures, the plan called for far-reaching ‘preventative medicine’ measures. The DAF allotted funds to build more health spas, resorts, and other recreational facilities to serve as local weekend retreats for workers and their families. This was to improve public health through rest and relaxation.”
— Richard Tedor, Hitler’s Revolution
“The preamble [of the Factory Code] stated that the “leaders” and “followers” of these plants now constituted a “factory community sharing a common destiny”, who were to work together “in faithful comradeship and mutual trust” - for the good of the factory, for Germany and its economy and according to the principle of “common weal before private gain”. Every employee should carry out his allotted tasks conscientiously and in a disciplined manner, showing a “joyful commitment to the National Socialist state and its Führer” as well as “unwavering loyalty toward the plant community, the Volksgemeinschaft [national community] and the German fatherland”. The following paragraphs then outlined the regulations concerning hiring, working hours, work habits, prevention of accidents, wages, vacation, infringement of the Factory Code, and generalities.”
— Stephan H. Lindner, Inside IG Farben
“One of the most important new social organizations was the German Labor Front (DAF). Under its director, Robert Ley, the DAF quickly swelled to more than 6 million members and by 1938 maintained a larger budget than the Nazi Party. The Law for the Ordering of German Labor of January 1934 created a structure of leaders and their “retinues” (workers) in each factory, with Courts of Social Honor for both. Though under strict hierarchical control, the DAF did not ignore worker interests and often acted to improve conditions. Unlike the situation in Fascist Italy, shop stewards did operate under the DAF, though the first elections to “councils of trust” in factories produced so few positive votes they were never tried again... Ley hoped to build the Labor Front into a major autonomous force, even conceiving the ambition of having it replace the party as the basis of National Socialism, though such aims were soon quashed.”
— Stanley G. Payne, A History of Fascism
The factory community
Covers the DAF
Lino admits the black market creep for butter, sugar, eggs, and meat but brushes it off as the “advertised” cost of guns over butter. No, it was the tradeoff for rearmament, balanced by Strength Through Joy programs — a key initiative of the DAF, the Nazi regime’s centralized labor organization that replaced independent trade unions in 1933, reached millions through subsidized leisure activities like vacations, cultural events, and sports to offset economic hardships and boost morale. This ties into the DAF’s rigid workplace structure, as illustrated in Inside IG Farben: a puppet-like hierarchy in the “Betriebsgemeinschaft” (company community), where the Vertrauensrat (Council of Trust) manipulated figures like the Betriebsführer (plant leader), Zellenwalter (cell wardens), and Blockwalter (block wardens), who oversaw the entire company to ensure totalitarian control. Why not shift leisure funds to subsidies? The Nazis focused on military readiness; elite perks like Goering’s were exceptions in a system where plunder funded widespread benefits. Your “groveling for crumbs” complaint? It overlooks how looted wealth trickled down to the people.
“By engaging in a campaign of theft on an almost unimaginable scale, and by channeling the proceeds into a succession of generous social programs, Hitler literally bought the consent of the German people.”
— Götz Aly, Hitler’s Beneficiaries
Lino sneers at “factory communes” with arbiters as somehow anti-communal — yet these Betriebsgemeinschaften under the DAF were state-guided for industrial self-sufficiency and collective productivity, serving the people as a whole in a structured, hierarchical system that echoed communal ideals under a totalitarian state. Who says communes can’t have mediators? Crack a book, those are called commissars in Marxism-Leninism. Furloughs as proof of socialism? They were pre-war entitlements via programs like Strength Through Joy, adapted in wartime to maintain morale — not mere poverty patches, and miles better than the unemployment and instability of Weimar’s chaos. That 37.3% women in the workforce in 1939, bolstered by Aryan family policies like marriage loans and child allowances? The stat omits housewives by design, focusing on paid labor to highlight the regime’s strategic push for female mobilization as war demands grew, contrary to your “add nothing” snark.
“During World War II, German women filled many positions in the armaments industry, on a lower wage scale, as more males entered military service. In April 1944, Ley, who had campaigned for equal pay for women for years, confronted Hitler on the subject. The Führer explained that Germany’s planned post-war social structure envisions women as the hub of the family, adding that this does not imply a negative opinion of their intelligence or occupational capability. Ley retorted that successful German women have a modern cognizance of their role in society and consider Hitler’s ideas archaic. In the course of the meeting, Ley tenaciously defended his stand against an avalanche of counter-arguments his leader presented. The Führer finally relented by offering a compromise, that women should receive less base pay, but be eligible for incentive awards and bonuses to compensate for the disparity. In general, Hitler’s personal view had little influence on developments: In the winter semester of 1943/44 for example, 49.5 percent of students enrolled in German universities were women”
— Richard Tedor, Hitler’s Revolution
Lino accuses me of hiding behind fancy words — that’s rich coming from you; clear terms cut through your haze. “Existential benchmarks” too vague? It means real-life improvements from seized assets — racial welfare in action. Thanks for highlighting the “followers” quote? It mandates cooperation for the nation’s sake — your capitalism twist doesn’t stick. That VW “AI paragraph” confessing deception? It had dual purposes: war-ready but symbolizing opportunity for all. Your “artifice” dig ignores the people’s car vision. Living standards falling since ‘29 as an excuse for priorities? It was a recovery from the crash, not a static comparison to Anglo levels — your snapshot misses the rebound. Oil still foreign-owned? Temporary, redirected toward racial objectives; the Rothschild $21M payout? War loot redistributed through Aryanization, loans, and “donations” to trim elite fortunes.
“Although private property rights formally existed, they were severely restricted whenever the regime deemed it necessary for the pursuit of its goals”
— Christoph Buchheim and Jonas Scherner, The Role of Private Property In The Nazi Economy: The Case of Industry
“‘Aryanization meant the compulsory transfer of Jewish-owned enterprises to non-Jewish (‘Aryan’) owners, a process that began in 1933 and accelerated dramatically after 1938.”
— William Sheridan Allen, The Nazi Seizure of Power: The Experience of a Single German Town, 1922-1945
“Moreover, Nazi decrees of 1937 compelled further cartelization to streamline the chain of command and prepare for war, which had been the goal of the Four-Year Plan of 1936. The results of this massive interventionist policy were ‘complete consolidation of the entire economy, complete elimination of personal initiative and freedom of choice.’ Even if a semblance of private ownership of business remained before the outbreak of World War II, with war raging on two fronts the National Socialists took the final step when they created the Amt für Zentrale Planung (Office for Central Planning) in 1942 which removed any remnants of private initiative.”
— Matthew Ryan Lange, Anti-Semitic Anti-Capitalism In German Culture
“Even heavy industry, that had favored some degree of autarky and state aid in the early 1930s, found that the extent of state control exercised after 1936, and the rise of a state-owned industrial sector, threatened their interests too. The strains that such a relationship produced have already been demonstrated for the car industry, the aircraft industry and the iron and steel industry; but much more research is needed to arrive at a satisfactory historical judgement of the relationship between Nazism and German business. What is already clear is that the Third Reich was not simply a businessman’s regime underpinning an authoritarian capitalism but, on the contrary, that it set about reducing the autonomy of the economic élite and subordinating it to the interests of the Nazi state…”
— Richard Overy, The Nazi Economic Recovery, 1932-1938
“But, contrary to the view that the Great Banks were the ultimate string-pullers of National Socialism, it is in fact hard to think of any other period in modern German history in which these institutions had less influence than the period between 1933.”
“For the first time, the Reichsbank was given the power to define basic reserve requirements and to fully regulate the deployment of private banking assets. The Great Banks of Berlin were thus saved from nationalization. The evidence suggests, however, that they never really recovered from the damage done to them by the financial crisis of 1931. In purely commercial terms the Berlin Great Banks were amongst the chief ‘losers’ of the Nazi economic recovery.”
— Adam Tooze, The Wages of Destruction
MEFO a “Ponzi whitewash”? More like a brilliant workaround for arming up without sparking inflation. Aryanization cutting inequality upward? No, it was reallocation from the plundered to public benefits, despoilments funneled into communal gains. Privatizations as cronyism? Superficial, they got flipped for state oversight. Soviet ties not tactical? The pact was a bridge to conquest — your “birthday wishes” quip is cute, but the “Economy of Conquest” was always the endgame.
“Hitler was convinced of the superiority of the Soviet planned economy system over the capitalist economic system. This must be regarded as an essential reason why he so vehemently demanded and enforced the extension of state control of the economy in Germany as well.”
— Rainer Zitelmann, HOW HITLER BECAME A BELIEVER IN THE STATE-PLANNED ECONOMY
“One final point of similarity between Nazi and Soviet policies should be noted, although its meaning is far from clear. Both governments reorganized industry into larger units, ostensibly to increase state control over economic activity. The Nazis reorganized industry into 13 administrative groups with a large number of subgroups to create a private hierarchy for state control. The state therefore could direct the firms’ activities without acquiring direct ownership of enterprises. The pre-existing tendency to form cartels was encouraged to eliminate competition that would destabilize prices.”
“The Soviets had made a similar move in the 1920s. Faced with a scarcity of administrative personnel, the state encouraged enterprises to combine into trusts and trusts to combine into syndicates. These large units continued into the 1930s where they were utilized to bridge the gap between overall plans and actual production.”
“The state therefore directed the internal organization of industry in both countries. The creation of industry groups allowed private organizations to control more of the hierarchy in Germany. It enabled enterprise-related hierarchies to do the same in Soviet Russia. Even though the Russian managers were not private, there seems to have been enterprise-specific knowledge that made lower-level hierarchies preferable to state bureaucrats in the administration of economic plans. This information asymmetry appears to have been independent of ownership patterns.”
— Peter Temin, Soviet and Nazi Economic Planning In The 1930s
“Both public works and rearmament required massive deficit financing, in effect the printing of money to pay workers and stimulate demand. Although fundamentally ‘socialist’ in outlook and politics when it came to the economy, however, Hitler did not nationalize industry. In fact, there were large-scale privatizations during the first five years or so of his regime, not for ideological reasons, but to raise cash quickly by flogging off distressed enterprises. What Hitler did very effectively was to nationalize German industrialists, by making them instruments of his political will. Control, not ownership, was the key. The major German economic institutions, especially industry, business and the banks, were completely sidelined from decision-making. Unlike the Reichswehr, they were not let into any secrets about Lebensraum, at least at the beginning. They were simply told what to do, and if they jibbed were threatened with imprisonment, expropriation or irrelevance.”
— Brendan Simms, Hitler: A Global Biography
Re-privatizations fake? Corporatism ensured the state stayed in charge, your “multinational whims” claim? Businesses toed the line. That corporatism “diatribe” irrelevant? It’s central — rooted in Catholic ideas, with state-backed cartels fostering harmony. Morck and Yeung proved this. Per the Oxford definition: Governance by professions — the Nazi corporations match this, as do tripartite models of corporatism and technocracy. Morck and Yeung’s subsections? Estates enforcing directives — your “administrative grid” gripe? The 1934 law created organic implementation. Retarding development? No, it debunks capitalist cronyism. Cherry-picking anti-fascists much? It frames my case perfectly. “AI slop” attacks do NOT debunk that my views are the mainstream interpretation here, yours IS NOT. My analysis slices through your distortions. Charting bureaucracy? It’s the Ständestaat model — hierarchical efficiency. Ständestaat resisted? After Anschluss, it got absorbed and Nazified — your Dollfuss assassination note? Sure, opposition, but the framework was co-opted without the Catholic overlay; Schuschnigg avoided politicizing the Congress, but the Nazis filled the void.
“Psychobabble”? No, it’s a structured hierarchy under fascism that promoted self-reliance through state-guided economic policies, emphasizing discipline and national productivity over individualistic chaos. On your “fraudulent elections” point? Sure, I admit the prevalence of state appointments rather than genuine democratic processes — that’s inherent to fascism’s nature, prioritizing efficiency and unity over liberal pluralism. Italy, however, was in economic desperation post-WWI, grappling with hyperinflation, unemployment, and social unrest that paved the way for Mussolini’s rise. Finance Minister Alberto De Stefani (1922–1925) lured industrial elites with liberal tweaks — simplifying the tax code, slashing taxes (including on war profits and inheritance), curbing spending, liberalizing trade, abolishing rent controls, and privatizing sectors like communications and life insurance, spurring over 20% economic growth and a 77% drop in unemployment. These mirrored the brief Nazi privatizations in the 1930s, where the regime sold off state assets (e.g., in banking, shipbuilding, and steel) to reverse prior nationalizations bail outs and boost efficiency, though both ultimately trended toward greater state intervention. But Italy’s trajectory faltered: the 1933 creation of the Istituto per la Ricostruzione Industriale (IRI) for bank and industry bailouts during the Great Depression led to massive state ownership (controlling three-quarters of pig iron and nearly half of steel production by 1939), rampant inefficiencies from overlapping bureaucracies, and cronyism, forcing Mussolini to secure international loans (settling war debts with the USA and UK in 1925–1926 for access to further credit).
The Nazis, in contrast, enforced more disciplined central planning via the Four-Year Plan (1936 onward), mobilizing the economy for war with stricter autarky, rearmament focus, and less tolerance for crony slip-ups, though both regimes were state capitalism and featured slight elements of favoritism towards ideologically aligned elites.
“Relations between industrialists and the Fascist regime evolved from an initial honeymoon phase, characterized by liberal economic policies, to a divorce in the 1930s, marked by increasing state interventions and growing inefficiencies.”
— Luciano Segreto, Entrepreneurs and The Fascist Regime In Italy: From The Honeymoon to The Divorce
Indeed, state control over economic activity was far stricter in Nazi Germany via centralized agencies like the Reich Ministry of Economics and the Office of the Four-Year Plan, than in Fascist Italy, where the “half revolution” allowed more decentralized inefficiencies and private sector pushback. To be fair, the DAF’s push for harmony wasn’t all sunshine: real wages stalled or dipped with longer hours, and coercion kept everyone in line for rearmament. But stack that against Weimar’s nightmare — full employment, extras like furloughs and Strength Through Joy lifted households’ real consumption by 15-20% before the war. This “state socialism” was exclusive, built on Aryanization of Jewish wealth and spoils from conquests: a welfare setup just for Germans, bolstering unity at others’ expense. Not favors for the few, but broad collectivist sharing that locked the people into the regime’s drive outward.
Even Lino’s followers can smell the weakness. Points he ignored? Unions and conscription as supports; wages in context; Ley’s unifying role; oil, VW, MEFO as tools — all covered. He “knows I’m correct”? Not, your fake fascist daydream cracks wide open, you’re just a Obama style neo-con liberal. Your overlooked bits: Never counters the state corporations as engines of harmony, or the collectivist perks binding the people to the regime, or how tactical privatizations flipped back to control. You’re not proving that the state is a tool of capital either, that is capitalistic cronyism. Deep down, Lino knows I’m onto something here. Also, I don’t think he’s an authentic anti-communist because he’s going to share audio snippets from the ACP moral grand standing here is kind of funny to me because he thinks children should be able to do hormonal therapy (trooning out so to say). Also the post-war plans for the Nazis were socialist, regardless if you admit it or not Lino.
“In the plans of many Nazi strategists, to bring about “a better balanced structure of wealth in the future,” after Germany had won the war. The money would help “achieve a truly socialist division of personal assets.” Here, too, the tendency can be observed within the Nazi state to favor social equality for Germans. The Nazi leadership was also at least partly motivated by a desire to concentrate postwar assets in the hands of workers, so as to take as much consumer spending power as possible off the investment market.”
— Götz Aly, Hiter’s Benefiaciaries






This maybe a slightly unrelated question, but how do you view Rajani Palme Dutt’s 1946 book titled ‘fascism and social revolution’. I have not really seen a fascist response to Palme Dutt’s criticism of the fascist theory of transition via “heroic” capitalism.
Isn’t the main thesis and conclusion of Bucheim and Scherners paper, that Nazi Germany preserved genuine private property relations?.