If you privatize most industry, you are making most industry work for profit. This is fact and irrefutable, as private ownership is production named at selling, not giving away for free. It doesn’t matter if that profit is made by selling arms to the military complex or by simple sale of civilian commodities. If you are selling something, you are making profit from it, or at least trying to. Even if say certain sectors of production are made to benefit the state, it either means that the state is using private profit to finance itself, or that production is public, which there was in some aspect in Nazi Germany, as it was needed for the war effort.
Still capital returns increased, aka Capitalism rose, and most industry was privatized, meaning that most industry was run for profit of Business Owners. The whole narrative that the state came first maybe true in so far as private profit was used by the state, but it falls apart at the fact that Germany privatized more than nationalised.
