- Apr 1, 2011
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It's not a matter of whether a particular example of capitalism is "pure." Under fascism, there is so little left of the mechanisms of capitalism that it has ceased to exist. Under true capitalism, private firms and corporations make all the important business decisions, like what to produce, what price to charge, who to purchase the inputs from, how much to pay for labor, etc., etc., etc.. Under fascism the government makes all these decisions. Putting government flunkies on the boards of corporations is a means for getting this done.
I don't disagree with any of that BriPat, but as I am sure you can appreciate - the fact that there was private corporations, prive investment, a stock market, entrepreneurialism, and considerable private import/export in Germany, it most definitely is more capitalist than communist.
They weren't "private" in any real sense. They were little more than arms of the government. They didn't make a "profit" in the economic sense. The government paid the former owners a fee for managing the operation. It's not clear to me that anyone bought or sold stocks under the Nazi regime. Why exchange one stock for another when the "profitability" of both was mandated by the government? There was no "entrepreneurship." New firms couldn't come into existence unless they were part of the government's 4-year plan. Even the Soviet Union had imports and exports.
The Nazi regime maintained the trappings of capitalism, but they no longer served the purpose that they should have served under capitalism. They were fictions.
Fascism is far closer to communism than capitalism.