Capitalism has been proven time and time again to work the most efficiently. It is after all how America is the most powerful country in the world.
How come people like Hitler and Churchill haven't ruined Capitalism
Quote from: Ajax on September 30, 2015, 07:21:50 PMHow come people like Hitler and Churchill haven't ruined CapitalismProbably because Hitler wasn't a capitalist. Though he did use several capitalist policies to invigorate Germany; namely, the effect of reprivatization of firms had an immediate positive effect that quickly aided in recovery from a depression.
The libertarian left is a real thing, don't try and discredit it
He nationalized firms
The outbreak of war emancipated the German population from the depression, not his policies.
Some, like steel and iron. Early on he privatized quite a bit.
Well that's just patently untrue. Germany was beginning to thrive long before the war began.
Quote from: HurtfulTurkey on October 01, 2015, 10:34:24 AMSome, like steel and iron. Early on he privatized quite a bit.Such as?
It is a fact that the Nazi government sold off public ownership in severalstate-owned firms in the mid-1930s. These firms belonged to a wide range ofsectors; for example, steel, mining, banking, shipyard, ship-lines, and railways. Itmust be pointed out that, whereas modern privatization has run parallel to liberalizationpolicies, in Nazi Germany privatization was applied within a frameworkof increasing state control of the whole economy through regulation and politicalinterference.
Not really.
https://coreyrobin.files.wordpress.com/2014/04/bel-2010-nazi-privatizations1.pdfIt is a fact that the Nazi government sold off public ownership in severalstate-owned firms in the mid-1930s. These firms belonged to a wide range ofsectors; for example, steel, mining, banking, shipyard, ship-lines, and railways. Itmust be pointed out that, whereas modern privatization has run parallel to liberalizationpolicies, in Nazi Germany privatization was applied within a frameworkof increasing state control of the whole economy through regulation and politicalinterference.
Literally proves my point. Within months of Hitler's election the stock market was rising rapidly.
Quote from: HurtfulTurkey on October 01, 2015, 10:46:47 AMhttps://coreyrobin.files.wordpress.com/2014/04/bel-2010-nazi-privatizations1.pdfIt is a fact that the Nazi government sold off public ownership in severalstate-owned firms in the mid-1930s. These firms belonged to a wide range ofsectors; for example, steel, mining, banking, shipyard, ship-lines, and railways. Itmust be pointed out that, whereas modern privatization has run parallel to liberalizationpolicies, in Nazi Germany privatization was applied within a frameworkof increasing state control of the whole economy through regulation and politicalinterference.They were far and few between though. Hitler only used it as a political tool for rearmament because he realised initially how effective it was. He strongly supported nationalization during the run up to the elections.
Quote from: A E S T H E T I C S on October 01, 2015, 10:54:03 AMQuote from: HurtfulTurkey on October 01, 2015, 10:46:47 AMhttps://coreyrobin.files.wordpress.com/2014/04/bel-2010-nazi-privatizations1.pdfIt is a fact that the Nazi government sold off public ownership in severalstate-owned firms in the mid-1930s. These firms belonged to a wide range ofsectors; for example, steel, mining, banking, shipyard, ship-lines, and railways. Itmust be pointed out that, whereas modern privatization has run parallel to liberalizationpolicies, in Nazi Germany privatization was applied within a frameworkof increasing state control of the whole economy through regulation and politicalinterference.They were far and few between though. Hitler only used it as a political tool for rearmament because he realised initially how effective it was. He strongly supported nationalization during the run up to the elections.You literally just linked me the same article I showed you, which goes into great detail about Hitler's use of privatization to invigorate the economy. Later on he nationalized a few of those industries again, but I never said otherwise. I said he used certain capitalist policies to stock up for the impending war, at which point he shifted to a more nationalized, fascist system.
I'm still hesitant to call it 'invigorated' though. High standard of living in an increase in public expenditure isn't something I would call invigorated.