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by _0ffh
1324 days ago
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Even the very same Wikipedia article you quote admits that central characteristics of capitalism include competitive markets, private property, property rights recognition, and voluntary exchange. Neither National Socialism nor Fascist corporatism had strong protection of - competitive markets: markets where heavily regulated and great parts of national production and ressources where directed and allocated by the government, preventing competition and free exchange - property rights: lots of property was outright stolen from their rightful owners, the means of production were ultimately controlled by the government - voluntary exchange: lots of people where forced into slave labor, which is decidedly involuntary So yes, these were state socialist societies, not capitalist ones. |
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> State capitalism is an economic system in which the state undertakes business and commercial (i.e. for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor). [...] Other examples include Singapore under Lee Kuan Yew and Turkey, as well as military dictatorships during the Cold War and fascist regimes such as Nazi Germany.