The official name of Adolf Hitler’s party was the Nationalsozialitsche Deutsche Arbeiterpartei. This translates to the National Socialist German Worker’s Party. The phrase “Nazi” comes from the German pronunciation of the first syllables of Nationalsozilitsche.
Scholars typically categorize the Nazi Party as a far-right party. However, socialism is itself a far-left policy. Hitler didn’t like the “socialism” term. The Nazis regularly attacked both the right and the left, a methodology now termed as syncretic or fascism, as it was called back then.
The far right ideal of pure capitalism is just as offensive as socialism/communism at the far left. This leaves the middle ground and a “Worker’s Party” of skilled, dedicated individuals working for the good of all.
Most people associate Nazi with “National Socialism” and socialism per se. The Nazi ideal was not that at all. It minimized the attributes at both ends of the spectrum. Capitalist materialism was hated almost as much as collective Marxism (what we now call socialism). One concentrates money and power in a ruling class of elites, and the other is a complete abnegation of individualism and personal responsibility.
Thus, the Nazi Party does not support socialism in any way, shape or form.
Nor does the Nazi Party support wealth in extremes, beyond that needed to motivate and reward individuals of superior talent, skill, intelligence or other important qualities.
The notion of “Worker’s Party” best epitomizes the Nazi ideal. This is, as before, not to be confused with the socialist ideal of a “Worker’s Party” where the productive outcome of everybody is shared equally among the population as in a Marxist commune.
A Nazi “Worker’s Party” is literally a party of workers. Skilled individuals who enjoy their work, take pride in it, enjoy teaching it to the next generation; whose work contributes to the greater good; whose work allows them to raise a family in a wholesome environment.
Unions were not allowed, and strikes were banned. The Nazi Party established wages and benefits. Since no individual was allowed to accumulate excessive wealth there was no need for unions to strike and limit this accumulation of extreme wealth. Workers could concentrate on their work and increase their earnings by virtue of their higher skill and/or educational level.
This system allows every worker a fair share of dignity. Management’s job is to maintain a consistent challenge to every individual to keep their job interesting, their scope of knowledge expanding, and their job satisfaction high.
At the risk of sounding mushy, the rewards to management are not excessive wealth but the satisfaction of having a spirited, motivated, happy workforce whom all enjoy their lives to the fullest. Management’s wealth is the respect and esteem of their people and their standing in the community.