“Socialism” for the Nazis denotes the principle of collectivism as such and its corollary, statism – in every field of human action, including but not limited to economics. “To be a socialist,” says Goebbels, “is to submit the I to the thou; socialism is sacrificing the individual to the whole.”9.”

“Socialism” for the Nazis denotes the principle of collectivism as such and its corollary, statism – in every field of human action, including but not limited to economics. “To be a socialist,” says Goebbels, “is to submit the I to the thou; socialism is sacrificing the individual to the whole.”9.”

— Leonard Peikoff