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The Abolition of Interest Slavery by Gottfried Feder

narrated by The Fascifist

This manifesto, authored in 1919 by Gottfried Feder, a pivotal economic theorist, served as the cornerstone of the National Socialist German Workers’ party’s (NSDAP) economic ideology, profoundly shaping its political platform throughout its electoral campaigns until the party’s ascent to power in 1933. Feder’s visionary document articulated a comprehensive critique of prevailing financial systems, advocating for radical reforms that resonated deeply with a populace disillusioned by economic hardship. Its principles, emphasizing the abolition of what Feder termed “interest slavery” and the restructuring of Germany’s monetary and industrial frameworks, became the bedrock of the NSDAP’s appeal to voters during the turbulent Weimar era. Upon seizing control in 1933, the Nazi regime swiftly moved to operationalize Feder’s economic doctrines, implementing policies that catalyzed Germany’s remarkable economic resurgence between 1933 and 1936. These measures, including sweeping public works programs, strategic state intervention in industry, and the restructuring of financial institutions, were credited with transforming Germany from a nation crippled by hyperinflation and unemployment into one experiencing rapid industrial growth and restored national confidence, a phenomenon often described as an economic miracle. Feder’s ideas, as enshrined in this seminal text, thus not only fueled the NSDAP’s political rise but also provided the blueprint for one of the most dramatic economic turnarounds in modern history.

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