/lit/ - Literature

>>11066303
>3rd Reich was economically left
Holy...
>"Privatization” in the Analysis of Nazi Economic Policy In the late 1930s and the early 1940s, a number of academic works were devoted to the analysis of economic policy in Germany under the rule of the National Socialist Party. One major work was Maxine Yaple Sweezy’s (1941) The Structure of the Nazi Economy. Sweezy stated that industrialists supported Hitler’s accession to power and his economic policies: “In return for business assistance, the Nazis hastened to give evidence of their good will by restoring to private capitalism a number of monopolies held or controlled by the state” (p. 27). This policy implied a large-scale program by which “the government transferred ownership to private hands” (p. 28). One of the main objectives for this policy was to stimulate the propensity to save, since a war economy required low levels of private consumption. High levels of savings were thought to depend on inequality of income, which would be increased by inequality of wealth. This, according to Sweezy (p. 28), “was thus secured by ‘reprivatization’. . . . The practical significance of the transference
of government enterprises into private hands was thus that the capitalist class
continued to serve as a vessel for the accumulation of income. Profit-making and the return of property to private hands, moreover, have assisted the consolidation of Nazi party power.” Sweezy (p. 30) again uses the concept when giving concrete examples of transference of government ownership to private hands: “The United Steel Trust is an outstanding example of ‘reprivatization.’

https://www.jacobinmag.com/2014/04/capitalism-and-nazism/