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Originally Posted by Munchkin03
Fascism is also opposed to Communism and Socialism, by the way.
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Nazi stands for "National Socialist Party" FYI, and economically it was a very Socialist movement.
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Originally Posted by Wikipedia "Nazi" article
"In place of ordinary profit incentive to guide the economy, investment was guided through regulation to accord to the needs of the State. The profit incentive for business owners was retained, though greatly modified through various profit-fixing schemes: Fixing of profits, not their suppression, was the official policy of the Nazi party. However the function of profit in automatically guiding allocation of investment and unconsciously directing the course of the economy was replaced with economic planning by Nazi government agencies. Government financing eventually came to dominate the investment process, which the proportion of private securities issued falling from over half of the total in 1933 and 1934 to approximately 10 percent in 19351938. Heavy taxes on business profits limited self-financing of firms. The largest firms were mostly exempt from taxes on profits, however government control of these were extensive enough to leave only the shell of private ownership."
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Taxes and subsidies were also used in order to direct the economy.
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Windfall profits tax, anyone?
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