In a remark made in 1932 to Otto Wagener, one of the party’s economic experts, Hitler observed that the business bourgeoisie “know nothing except the… - Richard Overy

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In a remark made in 1932 to Otto Wagener, one of the party’s economic experts, Hitler observed that the business bourgeoisie “know nothing except their profit. ‘Fatherland’ is only a word for them.”

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About Richard Overy

Richard James Overy (born 23 December 1947) is a British historian who has published extensively on the history of World War II and the Third Reich. In 2007 as The Times editor of Complete History of the World he chose the 50 key dates of world history.

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Alternative Names: Richard James Overy R. J. Overy
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[T]here could be no guarantee in a free market that the interests of race or state as Hitler defined them would take priority over the interests of businessmen or consumers. After 1933 the role of the state in regulating and directing economic life increased sharply, first in order to encourage economic revival, then to divert economic resources to the growth of German military power… [which] led, in an unplanned, incremental way, to the establishment of a kind of command economy.

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When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.

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