In arguing against socialism, you’re pushing on an open door. As an angel investor in ten startups and a prolific seller of below the money Gamestop put options who likes picking Redditor wallets, I’m hardly a socialist (go to my Data Driven Investor articles for how to do this).
But we’re debating definitions, not the merits, or lack thereof, of socialism, and where to locate Nazi Germany in a coherent definition of socialism. Overstuff the socialist club with ill-fitting members, and the definition loses all coherence and explanatory power. So, I’ll ask a simple question: which countries today would you call socialist? If there are any, are they more or less socialist than Nazi Germany was?
I’d call China an institutional transvestite: a hybrid command-capitalist economy run by a Communist Party mafia with a flag. In some ways it’s less socialist than the USA. Public school students pay for textbooks and they don’t get the free public school driver education course that I had on LI in 1972. I could list 100 more examples of definitional paradoxes and contradictions from around the world.