Richard Overy: Capital

Richard Overy is British historian. Explore interesting quotes on capital.

Richard Overy: 28 quotes0 likes

“Some big businessmen did contribute to the Nazi election funds but German capitalism cannot be regarded, on the evidence, as having collectively brought fascism to power in any direct sense. Fascism in Germany was a mass movement brought to power through collusion with a bankrupt but traditional elite, not as the puppet of big business.”

Source: The Nazi economic recovery 1931-1938 (1996), p. 55

“Indeed, many businessmen seem on the evidence to have been wary of the closet anti-capitalism of the rank-and-file Nazis.”

Source: War and Economy in the Third Reich (1994), p. 12

“Göring industrial empire represented, in this sense, one of the major steps towards restricting private industrial capitalism and substituting a ‘völkisch’, state-run industrial economy.”

Source: War and Economy in the Third Reich (1994), p. 146

“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.”

Source: War and Economy in the Third Reich (1994), p. 16