The NAZIs were socialists and had many of the same policies as todays progressives. NAZI as an acronym for National Socialist workers party
The Nazis were socialists, and it showed in many of the policies they implemented after coming to power in 1933. First, like the Soviets, the Nazis initiated a war on private property. Not surprisingly, property rights were severely curbed by National Socialism in the name of public welfare.
How did the National Socialists combat private property in Germany? The first step came shortly after the Nazis took control, when they abolished private property. Article 153 of the Weimar constitution guaranteed private property, with expropriation only to occur within the due process of the law, but this article was nullified by a decree on February 28, 1933.
With this, the new National Socialist government had complete control of private property in Germany. While they did not take complete control of the lands like the Bolsheviks did in Russia in 1917, the Nazis issued quotas for industries and farms, and later they reorganized all industry into corporations run by members of the Nazi Party.
The War on Business
Peter Temin
wrote about this in
Soviet and Nazi Economic Planning, stating:
The Nazis, ironically, called this reorganization “privatization,” although the owners of these corporations were either removed from board positions and replaced by Nazi Party members or sold out and became Nazi Party members. They included IG Farben and the Junkers airplane factory. IG Farben was a chemical company founded in 1925 by Carl Bosch and Carl Duisberg, who were both Jewish, and had a capitalization of around a billion marks by 1926. By 1938, all of the company’s Jewish workers had been purged and the supervisory board replaced by Nazis (see Joseph Borkin’s book
The Crime and Punishment of I.G. Farben).
IG Farben was a clear example of the reorganization of industry the Nazis undertook for their benefit. Sybille Steinbacher, a professor of Holocaust studies, wrote about the public-private partnership in her book
Auschwitz, stating:
After the Nazis took power, this kind of cooperation was common. Private businesses became merely public entities, and industrialists who resisted the Nazi commissars and their policies were removed from their positions and their businesses seized.
Junkers airplane factory did not fare much better, according to Temin, who
wrote:
The myth that won't die is that Nazi Germany was a fully functioning free-market economy. In truth, it was effectively as socialist as its supposed rival, the
mises.org