People frequently argue about whether Hitler was capitalist or socialist, but the answer is that he was neither. Although he made socialist grievances his party's cause, his economics is "Third Position" economics, an alternative to both socialism and capitalism. He advocated private ownership and markets, but under strong government control and regulation in order to ensure "fairness".

This is far more chilling than if he had been a true socialist, because private ownership and markets with strong regulation is what many progressives advocate these days.

Third Position economic systems are even worse than socialist systems. While socialist systems remove the incentives for creating wealth, at least it eliminates rent seeking by eliminating the rent seekers. Third Position economics removes both incentives for creating wealth and elevates rent seeking to a cornerstone of the economy; it sets things up such that private individuals can achieve fabulous riches by doing the government's bidding, which is exactly how German industrialists behaved, all the way to complicity in genocide.