The Differences between Socialism and National Socialism

In nations that embrace socialism, workers are perceived as the real owners of production processes (Eccleshall, 1994). The aim of socialism is to prevent wage labor and production processes from being perceived as commodities. By giving workers the rights to national resources, socialism capitalizes on use value, rather than exchange value (Eccleshall, 1994). National Socialism permits the private ownership of national resources and production processes. In Nazi Germany, foreign corporations like IBM and Ford were not nationalized when Hitler became the Fuhrer. According to Bel (2006), Hitler’s government privatized four banks and several steelwork companies, and gained a lot of revenue by taxing these large corporations (Loughlin, 2001).

While socialism prevents class wars by asserting that no social class of people is more deserving than the other, National Socialism makes use of corporatism to bring together workers and entrepreneurs (Bel, 2006). In nations that embraced National Socialism and socialism, citizens were expected to contribute to state projects on a daily basis. However, this objective was accomplished in different ways.
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