Fascists are universally incompetent at all aspects of governance as their only interest is enforcing a system of hierarchy.

Anything not directly part of that enforcement is ignored, while anything that is becomes all encompassing. https://twitter.com/caseyexplosion/status/1296053896343957504

German military bloat was unprecedented as it is in the US, and bankrupted the country fairly quickly. This is why the nazis took to looting occupied territories for anything of value.

This was in fact a stated police of the nazis, and they knew and largely didn’t care.

By the outbreak of war the average working week was hitting almost sixty hours while almost all goods were rationed due to shortages.

By 1935 the military spending had gone from one percent to ten percent of GDP, by 1944 it was three quarters of the German economy.

This wasn’t merely because they were losing a war either, it was established at the outset of the regime that somewhere around fourty billion reichmarks was to be allocated to building up the military - compared to an annual budget of just under fifry billion reichmarks.

The economy only improved in the early years as a result of the nazis inheriting large public works projects from the Weimar republic and the initial benefits of employment provided by rearmament. Not long after that there was a significant, sharp decline beginning in ~1937.

And you don’t even need to take my word for it; Hitler, the dickhead, himself said that “the main feature of our economic theory is that we have no economic theory” - and he said that to assure private businesses that he’d let them have free reign as long as they aided the war.

If you need more recent examples, just look at how American politics has gutted the economy, education, healthcare, social security, etc, etc, in order to privatise and pump money into an eternal war against first the “communists” and now “terrorists”.

The main distinction between American and Nazi German economics is that American economics makes use of computers.