Special variety of socialism, where the oppressed and the benefactor classes, respectively, are defined by the ethnic or racial key. Popular in Germany since 1933 through the World War II until 1945.
See fascism, real socialism, socialism
DEVIL'S QUESTION: Leftist nazism?
Why is national socialism usually considered far right political movement when it has been called “socialism”, after all? The answer is rather simple. Allied powers were mostly dominated by the political left in 1945, from New Deal era America to Labour-led Britain to Stalin's Russia. As the history is written by the victors, national socialism has ben labelled “far right” — to the permanent irritation of classical liberals and libertarians. Indeed it was far right to Stalin.
Still, national socialism was decidedly leftist in many respects. Hitler introduced four-year economic plans, while most Communist countries used five-year plans. Confiscation, price controls, government monopoly on foreign trade, all of this was common both for national socialism and Marxist-inspired real socialism. All kinds of socialism have been collectivist in nature: see common good.
DEVIL'S QUESTION: Fascism of National socialism?
Communists and socialists were not happy that Hitler chose the brand name “National Socialism”. As soon as in December 1933, the Comintern (an international communist organization based in Moscow and governed by Stalin) defined “fascism” as follows:
“Fascism is the undisguised terrorist dictatorship of the most reactionary, most chauvinistic, and most imperialistic elements of finance capital.”
The truth was that many financial capitalists were happy to leave Germany with their bare lives leaving most of their wealth behind. The others who remained were progressively taxed and totally subjugated to the National Socialist German Workers' Party, a.k.a. Nationalsozialistische Deutsche Arbeiterpartei or NSDAP for short.
There is not a single piece of evidence of Nazis being ruled by bankers as the Comintern definition would suggest. Quite the contrary: when Hjalmar Schacht, the first Nazi minister of economy and a banker himself, tried to oppose Hitler's armament plans on the grounds of budget stability, he was dismissed and later even imprisoned in a concentration camp.
Still, the above mentioned unfriendly definition was not an obstacle for Stalin to form a pact with Hitler; the pact ended only with the German invasion to Soviet Union in June 1941.
NOTABLE & QUOTABLE
“I am a socialist, because it appears incomprehensible to me to maintain a machine with care and concern, but to leave the noblest representative of work, the man himself, in deprivation.”
DIABOLICAL FACT: Ordinary Germans benefited from National Socialism
“The Nazi leaders were constantly handing out benefits to ordinary Germans, keeping them remarkably well fed and well supplied. At the same time, those who possessed the financial know-how compensated as best they could for the state's generosity. They kept increasing taxes on Germany's wealthy, not because they thought that made the most sense, but because it was the only option for raising taxes within the country.”
(Götz Aly, German historian and the author of Hitler's Beneficiaries: Plunder, Racial War and the Nazi Welfare State)