Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Oblomov who wrote (62866)	4/27/2005 11:57:25 AM
From: Slagle	Read Replies (2) of 74559

Oblomov, Re: Economic policies of Hitler were almost exactly those of Stalin or Mao. I agree with much you say but I differ with you greatly on this point. The German economy, which underwent a real boom in Hitlers early years was an economy based on free enterprise ad private ownership of the means of production, with even the owners being the same persons as those who owned these assets before the Nazis came to power. There was a lot of Keynesian style stimulation of the economy and a number of state owned industrial enterprises but for the most part the economy one of private ownership. Under the pressure of the war the role of the state grew and there was also a trend toward a sort of "crony capitalism". Individual workers were essentially "free agents" as are workers in the US today and not state owned slaves in a giant collectivist scheme a la Stalin, Castro or Mao. Slagle

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