Was Hitler a Capitalist? Nazi economic policy was neither free-market capitalism nor state socialism; it was a totalitarian command economy. State Supremacy: Private enterprise and property technically existed, but business owners were strictly subordinated to state control. The regime set prices, wages, production quotas, and dividends. Ideology over Profit: Capitalists who cooperated made profits, but those who resisted were ousted or nationalized. The economy was driven entirely by state rearmament and racial/ideological goals, not free-market forces.