The old type of capitalist who adheres to the traditional concepts of property rights is doomed to failure under fascism. - Günter Reimann

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The old type of capitalist who adheres to the traditional concepts of property rights is doomed to failure under fascism.

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About Günter Reimann

Hans Steinicke (November 13, 1904 – February 5, 2005), better known by his pen-name Günter Reimann, was a German-born economist and writer. He was noted as founder and editor of International Reports, a New York-based weekly publication he created in 1947 and sold to the London Financial Times in 1983, and author of The Vampire Economy (1939) about what he described as the onerous business policy of the National Socialist German Workers Party and its disastrous effects on the German economy. Prior to World War II, Reimann was a member of the Communist Party of Germany and at the forefront of the underground resistance to Adolf Hitler within Nazi Germany.

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Additional quotes by Günter Reimann

I must confess that I think as most German businessmen do who today fear National Socialism as much as they did Communism in 1932. But there is a distinction. In 1932, the fear of Communism was a phantom; today National Socialism is a terrible reality. Business friends of mine are convinced that it will be the turn of the ‘white Jews' (which means us, Aryan businessmen) after the Jews have been expropriated… The difference between this and the Russian system is much less than you think, despite the fact that we are still independent businessmen.

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While State representatives are busily engaged in investigating and interfering, our agents and salesmen are handicapped, because they never know whether or not a sale at a higher price will mean denunciation as a ‘profiteer’ or ‘saboteur’ followed by a prison sentence.

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