'State capitalism' - wasn't that Hitler's economic model?
Red China is about state capitalism too.
Yes, this was Hitler’s economic system. Ludwig von Mises called it Zwangswirtschaft, which in German means “forced economy.” In other words, it is economy run by command from the rulers. It is not a market economy. It is not “capitalism.”
Hitler sidelined his more conservative economist, Hjalmar Schacht, who (though a party member) opposed the anti-Jewish propaganda (and actually gave an open speech against it), opposed the rearmament policy, and favored a more market-based economy.
Contrary to what many accounts still assume, the Nazi economy from then on was not a success. The leaders were worried that they were likely to become much less popular as a result, which was one of their motivations for choosing guns over butter.
The name of the Nazi party is National Socialist; their flag was red (the socialist color, with the swastika added); they promised welfare for the poor; they ran (themed-approved) vacations for workers; they even planned mass housing projects (copying the plan of the “Red Vienna” neighborhood) and a worker’s car (the KdF “Strength through Joy” car, later known as the Volkswagen “people‘s car.”). Some of the Nazi songs were even reworked from old socialist anthems. Many of their members came originally from other socialist parties, who converted by preference, or when they sensed which way the wind was blowing.
So why do people call the Nazis “right”? There are essentially two reasons. First, when they began to win seats in the Reichstag, the authorities were uncertain where to put them, and rather arbitrarily placed them on the right side in seating because of their obvious nationalistic leanings. The Nazis did not mind, because it set them apart from other socialists. Second, the communists have always tried to make themselves look different, or even opposite to the Nazis: they don’t like people noticing the similarity. They always propagandize how they (the communists) were “anti-fascists.” It was a rivalry of socialist brands. Obviously, in general a nationalist dictator-leader is preferred by most populations to a distant international dictator (like Stalin). It takes a lot of ideological therapy to become an international socialist; it is much easier to become a populist nationalistic socialist. That is why various forms of nationalistic socialism are predominant in the world even today.