So National Socialism was a monopsony. A command economy where the government ordered and paid for production.

The government was, effectively, the only buyer for goods. National Socialism is superior to Marxism, because the market can determine value for goods under Fascism.

Under Marxism the government commands what to produce and what price to sell the products for; which does not allow cost, demand or utility to play a direct factor in setting the price.

This is why the CCP has switched over to a similar system and hasn't gone broke yet, rather than the USSR which went out of business.

None the less, both are authoritarian, command economies where the people (as represented by the Party) effectively own and run everything. You know, socialism.

Razorfist did a pretty good video on it.

https://youtu.be/9-SLqdhkvJo?si=yktF1WPkVEpG9mKR