The differences between Socialism & Communism

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99. Yes it was.

After Hitler and his National Socialist party took power, his socialist intentions to regulate, direct, and nationalize the economic nature of Germany were plain.

An invaluable source of information concerning the economy of the National Socialist Germany comes from those dissident voices who managed to escape the censors or flee before all contact to the outside world was cut off. One such voice was Emil Lederer, a Jewish professor of economics at the University of Berlin who fled to America after being deposed of his teaching position. In a 1937 article he explained a fundamental law of economic theory, writing that, “inasmuch as reality is never the crystallization of a pure principle, every historical system is more or less a compromise.”

The Nazis were never able to achieve a pure socialist system—much like any other proclaimed socialist state, reality universally underperforms the ideal. In Hitler’s Germany, however, the central economic planners were able to get remarkably far in securing the government supremacy. Lederer concludes that, “this new economic system built up in Germany, taken in its structural character,” was designed so that the entire population was, “organized for purposes fixed by the government.”

But if you don't believe dissidents, then read what Nazi leaders
themselves said. Nazi economist Othmar Spann explained that Nazis desired a state where private ownership existed only in a, “formal sense, while in fact there will be only public ownership.” Arthur Van Riel and Arthur Schram, “Weimar Economic Decline, Nazi Economic Recovery, and the Stabilization of Political Dictatorship,” The Journal of Economic History 53, no. 1 (1993): 97-98.