"To waste, to destroy, our natural resources, to skin and exhaust the land instead of using it so as to increase its usefulness, will result in undermining in the days of our children the very prosperity which we ought by rights to hand down to them."~ Theodore Roosevelt (Message to Congress, Dec. 3, 1907)
1. Private property rights were conditional upon the economic mode of use; if it did not advance Nazi economic goals, the state could nationalize it. Nazi government corporate takeovers, and threatened takeovers, encouraged compliance with government production plans, even if unprofitable for the firm.
2. Agricultural and industrial central planning was a prominent feature of Nazi economics. To tie farmers to the land, selling agricultural land was prohibited; farm ownership was nominally private, but discretion over operations and residual income were proscribed.
3. That was achieved by granting business monopoly rights to marketing boards, to control production and prices with a quota system. Quotas also were established for industrial goods, such as pig iron, steel, aluminium, magnesium, gunpowder, explosives, synthetic rubber, fuels, and electricity.
4. In place of ordinary profit-incentive determining the economy, financial investment was regulated per the needs of the state. The profit incentive for businessmen remained, but was greatly modified: “Fixing of profits, not their suppression, was the official policy of the Nazi party”; however, Nazi agencies replaced the profit-motive that automatically allocated investment, and the course of the economy.
5. Nazi government financing eventually dominated private financial investment, which the proportion of private securities issued falling from over half of the total in 1933–34 to approximately 10 per cent in 1935–38.
6. Heavy business-profit taxes limited self-financing of firms.
7. 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”.
8. The official decree was stamped into the rim of the silver Reichsmark coins between 1933 through the end of WWII "Gemeinnutz geht vor Eigennutz" or "The common good before self-interest."
I can provide you with more if you would like.
"For what is Evil but Good-tortured by its own hunger and thirst?"
- Khalil Gibran
" Those who plan to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it" - Thomas Paine
"A government big enough to give you everything you want, is strong enough to take everything you have. " -Thomas Jefferson
Catawa is my favorite bleeding heart liberal.
"Myths and legends die hard in America. We love them for the extra dimension they provide, the illusion of near-infinite possibility to erase the narrow confines of most men's reality. Weird heroes and mould-breaking champions exist as living proof to those who need it that the tyranny of 'the rat race' is not yet final." - Hunter S. Thompson