Fascist economy

How was Germany able to recover so quickly from economic devastation after WWII and the depression? Just looking at wikipedia it seems like he nationalized some industries while privatizing others. What's the logic behind it all? Italy too
>inb4 "naziboo"
They were warmongers as far as I am concerned, I'm just concerned about the economy

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A combination of looting, unsustainable loans, and delicious Keynesianism

borrowing lots of money and basically mortgaging the economy to fuel a massive rearmament.

also: price controls and wage controls and the stripping back of workers rights.

they were headed for a financial cliff. war was a necessity otherwise germany would have been in the shitter, economically.

>they were headed for a financial cliff. war was a necessity otherwise germany would have been in the shitter, economically.
I hear this said often, where can I read about it?

peter tooze wages of destruction is the most common

After WW2 they basically dug up their back up currency that the economists thought up when they realised the entire economy was running on fumes and would collapse.

apparantly this is a good economy speech

but no germanons can be bothered to translate it for me

youtube.com/watch?v=QZwWYnNti5c

Look at the bibliography of that Wikipedia page, Tooze and Overy's works are the most popular. Overy is less convinced about the heading for collapse thesis, but both show it wasn't a recovery in the Keynesian sense of reviving consumer demand.

Short answer: Most of the work was done during the Weimar Republic, the Nazis only reaped the fruits of a massive 10 year old effort to stabilize the economy.

Also the country never truly recovered once Hitler seized power and began his rearmamentation program, throughout the war the country was on the brink of financial ruin, surviving on promises of MEFO bills and the spoils of war.

>Fascist economy
>Germany

youtube.com/watch?v=vifYelSTlMo

>wall street crashes in 29
>the nazis had a bad economy, they were nearly going to crash anyway

>they were headed for a financial cliff. war was a necessity otherwise germany would have been in the shitter, economically.

The Germans had to seize as many trucks, trains/railways and weapons as they could whenever they would annex/invade a country and even then it wasn't enough. They were literally stealing and pillaging because they lacked the ability to make any of this stuff for themselves

took out a bunch of loans, use the money to build up an army, and then when it was time to pay back the loans, they used their army to take money and assest from other countries

FASCISM, AND NATIONAL SOCIALISM, ARE TWO DIFFERENT IDEOLOGIES; THEY ARE NOT MUTUALLY EQUIVALENT, THEY ARE NOT MUTUALLY HOMOLOGOUS, NOR IS ONE DERIVED FROM THE OTHER.

GO BACK TO MEXICO YOU TURDBABY

Because the "recovery" consisted of taking massive loans to fuel army.

Civilian sector didn´t really recovered under Nazis, just look at any data on consumption.

>steal wealth of jews, confiscate their factories and their industry
>suddenly rich for 5 minutes

>have to constantly seize industrial complexes of occupied countries like Škoda Works and national reserves to sustain your economy since you've made the intelligent decision of focusing on your military infrastructure during and after the Crash of '29
>in any way a stable economy

There's a reason why they had a "Volk" version of every consumer product you know, the general public couldn't afford the actual thing.

Ironically enough had Hitler toned down his anti-capitalism autism and listened to Schacht's ideas he could've been able to sustain his army and recover the commercial and civilian sectors without the need of constant war.

Hjalmar Schacht and his crew worked hard to create a bubble after the depression.
Throughout the '30s, German economic growth was based on this bubble of public works and rearmament.
Without the war German economy would've experienced a considerable recession circa 1941 (though debatable whether it would've been a full-on crash).

This, they took half the rolling stock from France, Belgium, and the Netherlands - 4,260 locomotives and 140,000 goods wagons. It lead to a massive drop in production as goods couldn't be moved around.
87 divisions were equipped with captured vehicles at the start of Barbarossa, leading to a standardization nightmare. Their vehicle ownership rate was pretty poor near the start of the war.