National Socialist Party

Summary

The National Socialist Party, or Nazis, are a fascist German political party that believes in national socialism. Following the national socialist ideology, they are anti-capitalist, anti-Marxist, and anti-liberal/anti-individualist, but and isolationist and authoritarian on social and economic policies.^{(NSDAP, 1920, pp. 25, 41, 43-47, 51, 54, 64, 78-81)}

Economy

The economy of the National Socialist Party lacked nationalization of industries and socialization of capital under, in notable contrast to the Soviet Union,^{(Buchheim, Scherner, 2006, p. 391)} They also dissolved all of trade unions.^{(Buchheim, Scherner, 2006, p. 393)} The National Socialist Party did not dispossess private owners, nor outlaw private property, but rather severely curtailed what private owners could and could not do.^{(Buchheim, Scherner, 2006, p. 393)}

Despite the heavy restrictions of private business under the Nazi Party, private firms preserved a decent amount of autonomy from the government, implying that the form of economy under Nazi Germany was mor akin to a mixed economy where the state has great influence at individual business decisions.

Origin

The party, formerly the German Workers Party, was changed by Adolf Hitler and became more antisemitic and authoritarian.^{source needed} The National Socialist Party ultimately take power in Germany, converting the Weimar Republic into Nazi Germany.^{source needed}