The Legacy of the Nazi's w/o the Holocaust

WI the Nazi Party had a much milder strain of Antisemitism and instead of the Holocaust things never got much worse than Kristallnacht? (Granted, that's pretty bad, but not the same thing). A few thousand rather than millions of Jews die. They are segregated, discriminated against, occasionally deported and forced into Ghettos, but not rounded up into concentration camps. In short there is nothing even approaching full blown systematized genocide. Then, in the end the Germans lose the war in pretty much the same fashion, and everything else happens as it did in OTL. (Some have argued that the Nazi's lost the war because of the Holocaust. I'm not very convinced).

There are two sets of question here.

1) without the Holocaust what do people make of the Nazi legacy? Do fascists have more legitimacy in a different Cold War Europe? How about in the rest of the world?

2) What does this do to Israel?
 
The answer to both questions that you can't take the Holocaust out of Nazism. It is the great, total, primary goal of the movement to "cleanse" Europe of all it dislikes and considers subhumans and/or parasites, such as Jews. It's like trying for an Objectivist Soviet Union.
 
I think the closest you can get is to look at the examples of Franco, Salazar/Caetano, and Mussolini. These regimes were different than the Nazis of course but shared authoritarian, anti-Marxist ideas. Only in the last few years of Mussolinis regime did it become strongly anti-semitic.
Had the war been postponed a few more years, all or most German and Austrian Jews would have been sucessfully emigrated out of Nazi held Europe, (assuming the high immigration rate of 1938-39 continued), and that begs the question of how the Nazi regime would have dealt with the issue of being an anti-semitic regime in a country without Jews, at least until a war starts, when once again Jews would be under threat of Nazi occupation.
 
I think the closest you can get is to look at the examples of Franco, Salazar/Caetano, and Mussolini. These regimes were different than the Nazis of course but shared authoritarian, anti-Marxist ideas. Only in the last few years of Mussolinis regime did it become strongly anti-semitic.
Had the war been postponed a few more years, all or most German and Austrian Jews would have been sucessfully emigrated out of Nazi held Europe, (assuming the high immigration rate of 1938-39 continued), and that begs the question of how the Nazi regime would have dealt with the issue of being an anti-semitic regime in a country without Jews, at least until a war starts, when once again Jews would be under threat of Nazi occupation.

Plenty of Modern European countries managed anti-Semitism without Jews just fine during centuries where Jews weren't legally allowed to step foot on their soil.
 
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