The Nazi Economy Explainer

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[educateyourself]

One of the best on YouTube. No bias, straightly factual and things are explained clearly with examples. I could develop a near complete understanding of the economic workflow, reason, and progression.

[tikiewel]

The economics books did not teach us about this part.

[rogerking]

I've always been puzzled by how Germany went from the horrors of the depression to becoming an apparent industrial powerhouse in just a few short years. In particular it seemed to make no sense that they could fund their massive military expansion. The Mefo bills provide the explanation - they did it on the never-never, a policy that never works in the longer term unless it is extremely skilfully managed and carefully restrained. Very few individuals have the self discipline and intellect to run such a policy successfully and I have been led to believe by my teachers that many of the Nazi leadership may have actually been nuts.

[malaristube]

The Mefo bills idea by Hjalmar Schacht was pure genius.

[YayGrr]

This was an amazing video. One of the best on the topic on youtube. Thank you.

[travissokol]

This unfortunately completely ignores the difference between a wartime-economy, where the UK and US similarly took control indirectly of most industry and the original policies of Nazism which first cut public spending and lowered wages, since it the movement had originally been an esoteric middle class reacting to rising socialism and thus needed (and got) a violent repression of worker's bargaining power.

The party was as much "socialist" as the current ruling party of north korea is "democratic" in name.

I recommend the work of political economists Michael Kalecki and Clara Mattei to underscore how fascism originally represented a self-defense reaction of capitalism. Be it totalitarian capitalism like we see today in Nigeria, Saudi Arabia or Russia.

[rosesprog]

They attacked the USSR before the USSR attacked them.
This is the best description: "Icebreaker by Viktor Suvorov"

[timeclimber]

thank you for this informative video. i've long wondered how the nazi economy functioned. looking forward to watching the other videos.

[michaelmallal]

Swiss banks are still selling gold bars. To my knowledge there are no gold mines in Switzerland; so where does the gold come from? Not camps surely?

[emtee]

There was no interest for savings in the banking system during their tenure.

[TheSmokeGoblin]

Took me half the video to see you in the top right

[skank]

For those arguing about the Nazi, just watch the Economic History of Socialism first.
There are many variations of socialism. The Nazi is the "Third Way" sect.

[magnusbrandt]

Did Germany impose tariffs on foreign good before the four year plan in 1936, three years after Hitler comes to power? You state that they did it almost as soon as they came to power, but I am having trouble finding sources that support this claim. If you know more than me, then please help.

[ljnv]

Nationalism without capitalism
Socialism without internationalism

[pierren___]

Thanks for the video.
However the peace economy is totally different from war economy.
Could you a make a peace economy video less armament ?

[tomvanderhulst]

This is the best explainer of fascists economy ive found so far...

[jacksonmowell]

What about the Economy of Fascist Italy and the Empire of Japan?

[subscriptions]

It could have been a very Nationalistic form of Socialism

[johngaltman]

So it's like how the US government is now running the US economy... Those in Washington offer all kinds of money for companies and NGO's that do what the current regime wants, but can't do directly because of laws, regulations, and pesky things like the Constitution... Thanks for explaining that..

[thomasdillon]

Excellent. Nazism was not Marxian socialism as we understand it today, (the winning model), but with its collectivism, authoritarianism and scientism, not to mention its name, it was indeed socialism.