GERMANY: Zags After Zigs?

Down upon the thick skull of one Gottfried Feder in his student days crashed the flat of a heavy dueling sabre. Never quite the same afterward, unsuccessful Civil Engineer Feder began to preach an absurd distinction on which was founded the Nazi Party. He thought there were two kinds of capital, good and bad, raffendes and schaffendes, "grasping capital" and "creative capital." Often but not always one could tell bad capital by the fact that it was possessed by Jews. Only good capital had any...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!