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IG Farben Executives tried for War Crimes at Nuremberg
In February 1933, as Chancellor, Hitler met with the leading German industrialists at the home of Hermann Goring. There were representatives from IG Farben, AG Siemens, BMW, coal mining magnates, Theissen Corp, AG Krupp, as well as a locust of Bankers, investors, and other Germans belonging to the top 1%. During this meeting, Hitler said, "Private enterprise cannot be maintained in the age of democracy."
In 1934, Nazis outlined their plan to revitalize the German economy. It involved reprivatization of significant industries: railways, public works project, construction, steel, and banking. On top of that, Hitler guaranteed profits for the private sector, and so, many American industrialists and bankers gleefully flocked to Germany to invest.
The Nazis had a thorough plan for deregulation. The Nazi's economist, stated," The first thing German business needs is peace and quiet. It must have a feeling of absolute legal security and must know that work and its return are guaranteed. The interferences In a business which occurred at first, perhaps as a result of too much zeal, have become intolerable."
Germany had the most robust social-democratic movement, and consequently, the best worker protections in Europe codified by law. This was a significant impediment to businesses "operating freely without interference."
The Nazis ensured that businesses weren't hampered by too much "regulation." On May 2, 1933, Adolf Hitler sent his Brown Shirts to all union headquarters. Union leaders were beaten, and sent to prison or concentration camps. On top of that, the Nazi party, expropriated union funds (money workers paid for union membership). The union leadership was replaced by Hitler's goons, who were inherently unsympathetic to unions to help bargain away all collective bargaining rights.
Fascism isn't the merger of corporations and government that is too vague, and too easy to confuse. Fascism is government functions being replaced by private corporations. Fascism is when the public good is replaced by private profit. |
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