Quote:
Originally Posted by Pickles  Ayn Rand quote. |
The only thing perhaps interesting to talk about. Rand writes "fascism leaves ownership in the hands of private individuals, but transfers control of the property to the government". Its a cartoon view of fascism. For example, consider Nazi Germany and the paper by Buchheim and Scherner (2007, he Role of Private Property in the Nazi Economy: The Case of Industry, Journal of Economic History, Vol 66, pp 390-416):
Private property in the industry of the Third Reich is often considered a mere nominal provision without much substance. However, that is not correct, because firms, despite the rationing and licensing activities of the state, still had ample scope to devise their own production and investment profiles. Even regarding war-related projects, freedom of contract was generally respected; instead of using power, the state offered firms a number of contract options to choose from. There were several motives behind this attitude of the regime, among them the conviction that private property provided important incentives for increasing efficiency.