As I said I read Speer's book. I fail to see there what Tooze is saying. Do you mind please to quote Speer directly?
Yeah, I used to think Speer was worth reading, too. Then I read the breakdown of the Germany economy in Wages of Destruction, and I changed my mind.
However, I'm not going to rehash Tooze's arguments here for several reasons.
1) It's 800 pages long. I'd have to spend 20 posts just getting us all up to speed on mefo bills and pre-war German industrial efforts. And that discussion is necessary, because without understanding the allocation of steel and capital in 1935-1938, you cannot understand why Speer's reorganization of German industry amounted to little more than "Give more steel to projects X, Y, and Z and accept the lack of steel for projects A, B, and C. We'll also call tank parts whole tanks and ignore the coal deficit we are facing."
2) Discussing how Speer was manipulating the numbers takes us into forbidden topics. You can't really understand how labor was being allocated without those discussions (Tooze really takes the time to outline some of this ugly stuff), but since we cannot and should not talk about those things, the argument would be incomplete.
3) We don't have time, and in some cases we cannot even talk about, the systematic plundering of other countries that fueled some of this industrial production. From Austria to the Czechs to Poland to France, the capture of economic resources and more or less outright theft of investment capital is crucial to telling this story, with long lasting effects that affect Speer's numbers without being attributable to Speer's actions. But since we can't really talk about some of that stuff, we can't discuss where Speer's arguments are problematic.
4) I'm not really qualified to summarize some of the arguments Tooze makes, as I do not have the relevant credentials. It's a good read, but I'd be screwing it up if I tried to summarize some of the complex comparisons Tooze makes throughout the book.
Suffice to say, if this topic interests you, it's worth picking up and reading. I just hope you love looking at comparisons of bank reserves, coal allocations, and foreign exchange credits.
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