A multi-national corporation ( MNC ; also called a multi-national enterprise ( MNE ), trans-national enterprise ( TNE ), trans-national corporation ( TNC ), international corporation , or state less corporation , ) is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations , such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multi-national corporation "if it derives 25% or more of its revenue from out-of-home-country operations".
170-517: Allianz SE ( / ˈ æ l i ə n t s / AL -ee-ənts , German: [aˈli̯ants] ) is a German multinational financial services company headquartered in Munich , Germany. Its core businesses are insurance and asset management . Allianz is the world's largest insurance company and the largest financial services company in Europe . In 2023, the company was ranked 37th in
340-503: A mainframe computer , taking delivery of a IBM 650 which provided cost savings within three years of delivery. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in 1959 and started repurchasing stakes in former subsidiaries in Italy and Austria. In 1971, Wolfgang Schieren became the head of the company. These expansions were followed in
510-406: A societas europaea . The conversion was made in conjunction with Allianz's acquisition of 100 per cent control of its principal Italian subsidiary Riunione Adriatica di Sicurtà for around US$ 7 billion. The conversion to an SE was completed on 13 October 2006. The Allianz Group also simplified its brand strategy from 2006 and their previous emblem was replaced by the current combination mark. By 2008
680-621: A yokel . In this sense, the word Nazi was a hypocorism of the German male name Igna(t)z (itself a variation of the name Ignatius )—Igna(t)z being a common name at the time in Bavaria , the area from which the NSDAP emerged. In the 1920s, political opponents of the NSDAP in the German labour movement seized on this. Using the earlier abbreviated term Sozi for Sozialist ( German for 'Socialist') as an example, they shortened
850-538: A "state within a state" that threatened German national unity. Fichte promoted two options in order to address this, his first one being the creation of a Jewish state in Palestine so the Jews could be impelled to leave Europe. His second option was violence against Jews and he said that the goal of the violence would be "to cut off all their heads in one night, and set new ones on their shoulders, which should not contain
1020-423: A "superior" society based on ethnic German "folk" culture and German "blood". It denounced foreigners and foreign ideas and declared that Jews, Freemasons and others were "traitors to the nation" and unworthy of inclusion. Völkisch nationalism saw the world in terms of natural law and romanticism and it viewed societies as organic, extolling the virtues of rural life, condemning the neglect of tradition and
1190-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents
1360-502: A blood-and-soil ideology, the notion of a master race, [and] the idea of territorial acquisition and settlement in the East. These ideas were embedded in a popular nationalism which was vigorously anti-modernist, anti-humanist and pseudo-religious. Brought together, the result was an anti-intellectual and politically semi-illiterate ideology lacking cohesion, a product of mass culture which allowed its followers emotional attachment and offered
1530-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in
1700-768: A form of far-right politics . Far-right themes in Nazism include the argument that superior people have a right to dominate other people and purge society of supposed inferior elements. Adolf Hitler and other proponents denied that Nazism was either left-wing or right-wing: instead, they officially portrayed Nazism as a syncretic movement. In Mein Kampf , Hitler directly attacked both left-wing and right-wing politics in Germany, saying: Today our left-wing politicians in particular are constantly insisting that their craven-hearted and obsequious foreign policy necessarily results from
1870-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to
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#17327915723842040-457: A hierarchy of evolution from apes while Darwinian theory did not grade races in a hierarchy of higher or lower evolution from apes, but simply stated that all humans as a whole had progressed in their evolution from apes. Many Lamarckians viewed "lower" races as having been exposed to debilitating conditions for too long for any significant "improvement" of their condition to take place in the near future. Haeckel used Lamarckian theory to describe
2210-461: A homogeneous German society based on racial purity which represented a people's community ( Volksgemeinschaft ). The Nazis aimed to unite all Germans living in historically German territory, as well as gain additional lands for German expansion under the doctrine of Lebensraum and exclude those whom they deemed either Community Aliens or "inferior" races ( Untermenschen ). The term "National Socialism" arose out of attempts to create
2380-607: A lot of people buy the products of the company. In February 2022, it was announced Allianz had acquired 72% of European Reliance for €207 million. In India Allianz primarily operates through Bajaj Allianz Life Insurance Company & Bajaj Allianz General Insurance Company Limited, a joint venture between Allianz and Bajaj Finserv Limited. Bajaj Allianz has around 1,200 branches across India and offers services including unit-linked, traditional, health, child and pension policies. Allianz started its operations in Indonesia with
2550-539: A million customers across the country through its portfolio of personal and commercial insurance products. In 1999, through their acquisition of AGF, Allianz SE acquired AGF Irish Life Holdings plc in Ireland, which at the time owned Insurance Corporation of Ireland and Church and General Insurance. Following their purchase, and despite a minority shareholding by Irish Life, both companies changed their names to Allianz plc, trading simply as Allianz. In 2017, Allianz plc became
2720-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized
2890-481: A nation's need to maintain its racial purity in order to prevent its degeneration and argued that racial intermingling with Jews should never be permitted. In 1923, Chamberlain met Hitler, whom he admired as a leader of the rebirth of the free spirit. Madison Grant 's work The Passing of the Great Race (1916) advocated Nordicism and proposed that a eugenics program should be implemented in order to preserve
3060-471: A nationalist redefinition of socialism , as an alternative to both Marxist international socialism and free-market capitalism . Nazism rejected the Marxist concepts of class conflict and universal equality , opposed cosmopolitan internationalism , and sought to convince all parts of the new German society to subordinate their personal interests to the " common good ", accepting political interests as
3230-889: A presence in Hungary. In the same decade, Allianz also acquired Fireman's Fund , an insurer in the United States, which was followed by the purchase of Assurances Générales de France . These acquisitions were followed by the expansion into Asia with several joint ventures and acquisitions in China and South Korea and the acquisition of Australia's Manufacturers Mutual Insurance . Around this time, Allianz expanded its asset management business as well by purchasing asset management companies in California. In 1999, Allianz purchased investment management firm PIMCO for approximately US$ 3.3 billion. In April 2001, Allianz agreed to acquire
3400-660: A prominent aspect of German ultranationalism since the late 19th century. Nazism was strongly influenced by the Freikorps paramilitary groups that emerged after Germany's defeat in World War I , from which came the party's underlying "cult of violence". It subscribed to pseudo-scientific theories of a racial hierarchy , identifying ethnic Germans as part of what the Nazis regarded as an Aryan or Nordic master race . Nazism sought to overcome social divisions and create
3570-421: A renaming that Hitler initially objected to. The National Socialist Program , or "25 Points", was adopted in 1920 and called for a united Greater Germany that would deny citizenship to Jews or those of Jewish descent, while also supporting land reform and the nationalisation of some industries. In Mein Kampf ("My Struggle"), published in 1925–1926, Hitler outlined the antisemitism and anti-communism at
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#17327915723843740-710: A representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996. Allianz plc in Ireland employs over 1,700 people. Established in 1902, Allianz plc is active in both the Republic of Ireland and Northern Ireland, providing car, home, pet, boat, and travel products, as well as SME (small to medium enterprise) products including van, business, and schools insurance. Today, Allianz in Ireland insures over half
3910-695: A simplified and easily-digestible world-view based on a political mythology for the masses. Adolf Hitler himself along with other members of the National Socialist German Workers' Party (German: Nationalsozialistische Deutsche Arbeiterpartei , NSDAP) in the Weimar Republic (1918–1933) were greatly influenced by several 19th- and early 20th-century thinkers and proponents of philosophical, onto-epistemic, and theoretical perspectives on ecological anthropology , scientific racism , holistic science , and organicism regarding
4080-752: A single Jewish idea". The Protocols of the Elders of Zion (1912) is an antisemitic forgery created by the secret service of the Russian Empire , the Okhrana . Many antisemites believed it was real and thus it became widely popular after World War I. The Protocols claimed that there was a secret international Jewish conspiracy to take over the world. Hitler had been introduced to The Protocols by Alfred Rosenberg and from 1920 onwards he focused his attacks by claiming that Judaism and Marxism were directly connected, that Jews and Bolsheviks were one and
4250-496: A stake of around 14% in Commerzbank. Allianz X founded, in 2013 and headed by Nazim Cetin, is Allianz's technology investment fund. In August 2015, a consortium led by Allianz acquired German motorway service station group Tank & Rast for an undisclosed sum believed to be in the region of €3.5 billion. In April 2018, TH Real Estate and Allianz partnered to provide £100m in debt finance to developers YardNine , for
4420-523: A subsidiary of RAS). On 25 November 2016, Allianz opened a new office in Kenya. Allianz Mexico started operations in 1987. In 2003, Allianz AG began its operation in the Philippines under the joint venture partnership with Pioneer Life Incorporated which lasted for five years. Allianz returned its operations in the country in 2016 as a subsidiary group with an exclusive distribution partnership with
4590-933: A temporary strategic alliance between Nazi Germany and the Soviet Union to form a common anti-liberal front so they could defeat liberal democracies, particularly France . Hitler admired the British Empire and its colonial system as living proof of Germanic superiority over "inferior" races and saw the United Kingdom as Germany's natural ally. He wrote in Mein Kampf : "For a long time to come there will be only two Powers in Europe with which it may be possible for Germany to conclude an alliance. These Powers are Great Britain and Italy." The historical roots of Nazism are to be found in various elements of European political culture which were in circulation in
4760-499: A wholly owned entity of Allianz SE. On 9 April 2019, Allianz started cooperation with Cynet , a cybersecurity company in the field of threat detection and response to address security threats and improve its resilience. The Allianz Group in Italy is headed by composite insurance company Allianz SpA and it ranks second in terms of premiums written and fifth in terms of assets under management as well as fourth for financial advisors. The Italian parent company, Allianz SpA, resulted from
4930-465: Is determined for its part ruthlessly to seize the reins of power—that is the beginning of resistance of which I spoke a few minutes ago. Hitler at times redefined socialism. When George Sylvester Viereck interviewed Hitler in October 1923 and asked him why he referred to his party as 'socialists' he replied: Socialism is the science of dealing with the common weal. Communism is not Socialism. Marxism
5100-531: Is not Socialism. The Marxians have stolen the term and confused its meaning. I shall take Socialism away from the Socialists. Socialism is an ancient Aryan, Germanic institution. Our German ancestors held certain lands in common. They cultivated the idea of the common weal. Marxism has no right to disguise itself as socialism. Socialism, unlike Marxism, does not repudiate private property. Unlike Marxism, it involves no negation of personality, and unlike Marxism, it
5270-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in
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5440-512: Is outlawed in many European countries, including Germany and Austria. The full name of the Nazi Party was Nationalsozialistische Deutsche Arbeiterpartei ( German for 'National Socialist German Workers' Party') and they officially used the acronym NSDAP. The term "nazi" had been in use, before the rise of the NSDAP, as a colloquial and derogatory word for a backwards farmer or peasant . It characterised an awkward and clumsy person,
5610-404: Is patriotic. In 1929, Hitler gave a speech to a group of Nazi leaders and simplified 'socialism' to mean, "Socialism! That is an unfortunate word altogether... What does socialism really mean? If people have something to eat and their pleasures, then they have their socialism." When asked in an interview on 27 January 1934 whether he supported the "bourgeois right-wing", Hitler claimed that Nazism
5780-538: Is the market leader in both the general and life insurance markets. Allianz products are distributed principally through a network of full-time tied agents. Since September 2010 Allianz products have also been sold through Commerzbank branches. In Greece Allianz began to work on 2 December 1985. Then was established the first Company's Office in Ampelokipoi , Athens . Now Allianz has almost 500 Offices in Greece and
5950-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon
6120-700: The Schutzstaffel (SS) functioned as the paramilitary organisations of the Nazi Party. Using the SS for the task, Hitler purged the party's more socially and economically radical factions in the mid-1934 Night of the Long Knives , including the leadership of the SA. After the death of President Hindenburg on 2 August 1934, political power was concentrated in Hitler's hands and he became Germany's head of state as well as
6290-488: The 1906 San Francisco earthquake caused the company to sustain 300,000 marks in losses. In 1905, the company acquired Fides Insurance Company, a firm that had innovated the first form of home invasion insurance. Other places expanded into during the 1910s and 1920s included Palestine , Cyprus , Iraq , China , the Dutch Indies (nowadays Indonesia ), Ceylon (now Sri Lanka ), and Siam (now Thailand ). In 1905,
6460-578: The Forbes Global 2000 . Also it is a component of the Euro Stoxx 50 stock market index . Its asset management division, which consists of PIMCO , Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AUM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. Allianz
6630-643: The Nazi Party (NSDAP) in Germany. During Hitler's rise to power in 1930s Europe, it was frequently referred to as Hitler Fascism (German: Hitlerfaschismus ) and Hitlerism (German: Hitlerismus ). The later related term " neo-Nazism " is applied to other far-right groups with similar ideas which formed after the Second World War when the Third Reich collapsed. Nazism is a form of fascism , with disdain for liberal democracy and
6800-608: The Philippine National Bank . They are currently operated under the name of Allianz - PNB Life Insurance Incorporated. In 2018 Allianz, via Allianz Capital Partners, acquired the largest subsidy-free solar project in Portugal. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with
6970-645: The Soviet Union 's leader Joseph Stalin and Stalinism on numerous occasions. Hitler commended Stalin for seeking to purify the Communist Party of the Soviet Union of Jewish influences, noting Stalin's purging of Jewish communists such as Leon Trotsky , Grigory Zinoviev , Lev Kamenev and Karl Radek . While Hitler had always intended to bring Germany into conflict with the Soviet Union so he could gain Lebensraum ("living space"), he supported
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7140-486: The Soviet Union . The Nazi Party won the greatest share of the popular vote in the two Reichstag general elections of 1932, making them the largest party in the legislature by far, albeit still short of an outright majority ( 37.3% on 31 July 1932 and 33.1% on 6 November 1932 ). Because none of the parties were willing or able to put together a coalition government, Hitler was appointed Chancellor of Germany on 30 January 1933 by President Paul von Hindenburg through
7310-644: The Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over the VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization ,
7480-568: The Sydney Cricket Ground Trust to become the naming rights sponsor of the former Sydney Football Stadium . In 2022 the deal was renewed for a further six years at the replacement Sydney Football Stadium Allianz operates through Allianz Belgium, previously AGF Belgium which has been re-branded to Allianz Belgium in November 2007. In 2012, Allianz Belgium (including Luxembourg) and Allianz Netherlands were integrated to become Allianz Benelux. In August 2020, they announced
7650-415: The far-right political canard which was popular when the ethnic völkisch movement and its politics of Romantic nationalism for establishing a Großdeutschland was strong. Nazism's racial policy positions may have developed from the views of important biologists of the 19th century, including French biologist Jean-Baptiste Lamarck , through Ernst Haeckel 's idealist version of Lamarckism and
7820-781: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include
7990-407: The parliamentary system . It incorporates a dictatorship , fervent antisemitism , anti-communism , anti-Slavism , anti-Romani sentiment , scientific racism , white supremacy , Nordicism , social Darwinism , homophobia , ableism , and the use of eugenics into its creed. Its extreme nationalism originated in pan-Germanism and the ethno-nationalist Völkisch movement which had been
8160-505: The 1870s, German völkisch nationalism began to adopt antisemitic and racist themes and it was also adopted by a number of radical right political movements. Radical antisemitism was promoted by prominent advocates of völkisch nationalism, including Eugen Diederichs , Paul de Lagarde and Julius Langbehn . De Lagarde called the Jews a " bacillus , the carriers of decay ... who pollute every national culture ... and destroy all faiths with their materialistic liberalism" and he called for
8330-718: The 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. In 1986, Allianz acquired Cornhill Insurance in London, and the purchase of a stake in Riunione Adriatica di Sicurtà (RAS) in Milan , strengthened its presence in western and southern Europe in the 1980s. In 1990, Allianz started an expansion into eight eastern European countries by establishing
8500-638: The 80 per cent of Dresdner Bank that it did not already own, for US$ 20 billion. As part of the transaction, Allianz agreed to sell its 13.5 per cent stake in HypoVereinsbank to Munich Re and to acquire Munich Re's 40 per cent stake in Allianz Leben . Following the completion of the acquisition, Allianz and Dresdner Bank combined their asset management activities by forming Allianz Global Investors . In 2002, Michael Diekmann succeeded Henning Schulte-Noelle as CEO. In June 2006, Allianz announced
8670-546: The Bavarian Soviet Republic and he stated that he became an antisemite in 1913 during his years in Vienna. This statement has been disputed by the contention that he was not an antisemite at that time, even though it is well established that he read many antisemitic tracts and journals during that time and admired Karl Lueger , the antisemitic mayor of Vienna. Hitler altered his political views in response to
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#17327915723848840-463: The Berlin headquarters of Allianz were destroyed by Allied bombing runs. Following the end of the war in 1945, Hans Heß became head of the company, and Allianz shifted its headquarters to Munich in 1949 due to the split between East and West Germany. Heß only held the position until 1948, when he was replaced by Hans Goudefroy. In 1956, Allianz became the first major European Insurance company to install
9010-546: The COVID-19 pandemic. In April 2023, Allianz put its 5% stake in fintech company N26 up for sale, with N26 valued at $ 3 billion (€2.7 billion). Meanwhile, N26 was valued at $ 9 billion at its last funding round in October 2021. As of 2022, Allianz was the world's largest insurance company with US$ 1.02 trillion in assets according to Forbes . For the fiscal year 2022, Allianz reported earnings of €7.2 billion, with an annual revenue of €152.7 billion, an increase of 2.8% over
9180-581: The DNVP lost many of its seats in the Reichstag . The Nazis denounced them as "an insignificant heap of reactionaries". The DNVP responded by denouncing the Nazis for their "socialism", their street violence and the "economic experiments" that would take place if the Nazis ever rose to power. However, amidst an inconclusive political situation in which conservative politicians Franz von Papen and Kurt von Schleicher were unable to form stable governments without
9350-551: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are
9520-663: The European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from
9690-530: The German Federal Financial Supervisory Authority launched its own probe. On September 30, 2021, it was reported that asset management chief Jacqueline Hunt would step down as part of a shake up that followed the investigations into the losses, staying on as a consultant to Bäte. On 17 May 2022, Allianz SE has agreed to pay $ 6 billion in the U.S. fraud case due to the collapse of its Structured Alpha funds during
9860-660: The German Army and several prominent industrialists, formed an alliance in opposition to the Weimar Republic on 11 October 1931 in Bad Harzburg , officially known as the "National Front", but commonly referred to as the Harzburg Front . The Nazis stated that the alliance was purely tactical and they continued to have differences with the DNVP. After the elections of July 1932, the alliance broke down when
10030-726: The German Nation (1808), written amid the First French Empire 's occupation of Berlin during the Napoleonic Wars , Fichte called for a German national revolution against the French Imperial Army occupiers, making passionate public speeches, arming his students for battle against the French and stressing the need for action by the German nation so it could free itself. Fichte's German nationalism
10200-570: The German politician Friedrich Naumann formed the National-Social Association which aimed to combine German nationalism and a non-Marxist form of socialism together; the attempt turned out to be futile and the idea of linking nationalism with socialism quickly became equated with antisemites, extreme German nationalists and the völkisch movement in general. During the era of the German Empire , völkisch nationalism
10370-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from
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#173279157238410540-463: The Jewish population of Europe – were eventually exterminated in a genocide which became known as the Holocaust . Following Germany's defeat in World War II and the discovery of the full extent of the Holocaust, Nazi ideology became universally disgraced. It is widely regarded as evil , with only a few fringe racist groups, usually referred to as neo-Nazis, describing themselves as followers of National Socialism. The use of Nazi symbols
10710-455: The NSDAP's name, Nationalsozialistische , to the dismissive "Nazi", in order to associate them with the derogatory use of the aforementioned term. The first use of the term "Nazi" by the National Socialists occurred in 1926 in a publication by Joseph Goebbels called Der Nazi-Sozi ["The Nazi-Sozi"]. In Goebbels' pamphlet, the word "Nazi" only appears when linked with the word "Sozi" as an abbreviation of "National Socialism". After
10880-413: The NSDAP's rise to power in the 1930s, the use of the term "Nazi" by itself or in terms such as " Nazi Germany ", " Nazi regime ", and so on was popularised by German exiles outside the country, but not in Germany. From them, the term spread into other languages and it was eventually brought back into Germany after World War II. The NSDAP briefly adopted the designation "Nazi" in an attempt to reappropriate
11050-486: The Nazi Party emerged from obscurity to become a major political force after 1929, the conservative faction rapidly gained more influence, as wealthy donors took an interest in the Nazis as a potential bulwark against communism. The Nazi Party had previously been financed almost entirely from membership dues, but after 1929 its leadership began actively seeking donations from German industrialists, and Hitler began holding dozens of fundraising meetings with business leaders. In
11220-409: The Nazi Party. His four sons, including Prince Eitel Friedrich and Prince Oskar , became members of the Nazi Party in hopes that in exchange for their support, the Nazis would permit the restoration of the monarchy. Hitler dismissed the possibility of a restored monarchy, calling it "idiotic." Wilhelm grew to distrust Hitler and was appalled at the Kristallnacht of 9–10 November 1938, stating, "For
11390-423: The Nazi movement the Heil greeting, the Führer title and the model of absolute party leadership. Hitler was also impressed by the populist antisemitism and the anti-liberal bourgeois agitation of Karl Lueger , who as the mayor of Vienna during Hitler's time in the city used a rabble-rousing style of oratory that appealed to the wider masses. Unlike von Schönerer, Lueger was not a German nationalist and instead
11560-454: The Nazi seizure of power, there were even Social Democrats and Communists who switched sides and became known as " Beefsteak Nazis ": brown on the outside and red inside. The leader of the SA, Ernst Röhm , pushed for a "second revolution" (the "first revolution" being the Nazis' seizure of power) that would enact socialist policies. Furthermore, Röhm desired that the SA absorb the much smaller German Army into its ranks under his leadership. Once
11730-400: The Nazis achieved power, Röhm's SA was directed by Hitler to violently suppress the parties of the left, but they also began attacks against individuals deemed to be associated with conservative reaction. Hitler saw Röhm's independent actions as violating and possibly threatening his leadership, as well as jeopardising the regime by alienating the conservative President Paul von Hindenburg and
11900-487: The Nazis as a useful ally to promote their interests. Business groups made significant financial contributions to the Nazi Party both before and after the Nazi seizure of power, in the hope that a Nazi dictatorship would eliminate the organised labour movement and the left-wing parties. Hitler actively sought to gain the support of business leaders by arguing that private enterprise is incompatible with democracy. Although he opposed communist ideology, Hitler publicly praised
12070-478: The Nazis, Papen proposed to President Hindenburg to appoint Hitler as Chancellor at the head of a government formed primarily of conservatives, with only three Nazi ministers. Hindenburg did so, and contrary to the expectations of Papen and the DNVP, Hitler was soon able to establish a Nazi one-party dictatorship. Kaiser Wilhelm II , who was pressured to abdicate the throne and flee into exile amidst an attempted communist revolution in Germany, initially supported
12240-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across
12410-527: The Nineteenth Century (1899), praised Germanic peoples for their creativity and idealism while asserting that the Germanic spirit was threatened by a "Jewish" spirit of selfishness and materialism . Chamberlain used his thesis to promote monarchical conservatism while denouncing democracy , liberalism and socialism . The book became popular, especially in Germany. Chamberlain stressed
12580-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,
12750-765: The Pan-German Großdeutschland ("Greater Germany") which the Nazis advocated, Hitler stated that Bismarck's attainment of Kleindeutschland was the "highest achievement" Bismarck could have achieved "within the limits possible at that time". In Mein Kampf , Hitler presented himself as a "second Bismarck". During his youth in Austria, Hitler was politically influenced by Austrian Pan-Germanist proponent Georg Ritter von Schönerer , who advocated radical German nationalism , antisemitism, anti-Catholicism , anti-Slavic sentiment and anti-Habsburg views. From von Schönerer and his followers, Hitler adopted for
12920-587: The Semitic race, which they associated with "cultural sterility". Arthur de Gobineau , a French racial theorist and aristocrat, blamed the fall of the ancien régime in France on racial degeneracy caused by racial intermixing , which he argued had destroyed the purity of the Aryan race, a term which he only reserved for Germanic people. Gobineau's theories, which attracted a strong following in Germany, emphasised
13090-533: The Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)
13260-464: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use
13430-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax
13600-541: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in
13770-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with
13940-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by
14110-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in
14280-477: The United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against
14450-696: The United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for
14620-576: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that
14790-490: The Weimar Republic for signing the armistice in November 1918 which later led it to sign the Treaty of Versailles. A major inspiration for the Nazis were the far-right nationalist Freikorps , paramilitary organisations that engaged in political violence after World War I. Initially, the post–World War I German far-right was dominated by monarchists , but the younger generation, which was associated with völkisch nationalism,
14960-456: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of
15130-515: The acquisition of the 49% minority stake of Allianz China Life Insurance Co, realizing the "China’s first wholly foreign-owned insurance asset management company". Allianz acquired in 1999 60% of the shares of Colombian insurer Colseguros, 3 years later in 2002 it increases its shareholding, becoming the sole owner of this company in Colombia. After almost 10 years in 2012 and with an evolutionary change of brand Colseguros dies as an official name and
15300-626: The afternoon, even after he became Chancellor and then Führer. After the war, his battalion was absorbed by the Bavarian Soviet Republic from 1918 to 1919, where he was elected Deputy Battalion Representative. According to historian Thomas Weber , Hitler attended the funeral of communist Kurt Eisner (a German Jew), wearing a black mourning armband on one arm and a red communist armband on the other, which he took as evidence that Hitler's political beliefs had not yet solidified. In Mein Kampf , Hitler never mentioned any service with
15470-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,
15640-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding
15810-717: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices
15980-612: The company became the first insurer to obtain a license to distribute corporate policies. In 1904, Paul von Naher took over the sole leadership of the company, as it moved into the US and other markets. Markets entered by 1914 included the Netherlands, Italy, Belgium, France, the Scandinavian countries and the Baltic states, and Allianz had become the largest maritime insurer in Germany. The company suffered an early disaster in expansion when
16150-467: The company began to offer fire insurance, and in 1911 it began to sell machinery breakdown policies. Allianz remained the only company in the world that sold machine breakdown insurance until 1924. In 1918, it began offering automobile insurance as well through a joint venture called Kraft Versicherungs-AG. In 1921, Von Naher died and was succeeded by Kurt Schmitt . The company would begin to offer life insurance as of 1922, becoming Europe's largest offerer of
16320-487: The company was Europe's largest insurer. In 2007 it was a founder member of the Hedge Fund Standards Board , which sets a voluntary code of standards of best practice endorsed by its members. On 31 August 2008, it was announced that Allianz had agreed to sell 60.2 per cent of Dresdner Bank to Commerzbank for €9.8 billion (US$ 14.4 billion), with an agreement that Commerzbank would acquire
16490-438: The concept of the Aryan race to draw a distinction between what they deemed to be "high and noble" Aryan culture versus that of "parasitic" Semitic culture. Notions of white supremacy and Aryan racial superiority were combined in the 19th century, with white supremacists maintaining the belief that certain groups of white people were members of an Aryan "master race" that is superior to other races and particularly superior to
16660-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet
16830-661: The conservative-oriented German Army. This resulted in Hitler purging Röhm and other radical members of the SA in 1934, in what came to be known as the Night of the Long Knives . Before he joined the Bavarian Army to fight in World War I, Hitler had lived a bohemian lifestyle as a petty street watercolour artist in Vienna and Munich and he maintained elements of this lifestyle later on, going to bed very late and rising in
17000-604: The constitution of complex systems and theorization of organic-racial societies. In particular, one of the most significant ideological influences on the Nazis was the 19th-century German nationalist philosopher Johann Gottlieb Fichte , whose works had served as an inspiration to Hitler and other Nazi Party members, and whose ideas were implemented among the philosophical and ideological foundations of Nazi-oriented Völkisch nationalism . Fichte's works served as an inspiration to Hitler and other Nazi Party members, including Dietrich Eckart and Arnold Fanck . In Speeches to
17170-614: The country, as well as through the broad agents' network of Allianz Bulgaria Holding. The bank possesses a full banking license for carrying out banking and financial transactions. Allianz entered the Canadian market in the early 1990s through an acquisition of several North American insurers, namely the American Firemans Fund and the Canadian Surety . Upon the market exit the personal and commercial lines unit
17340-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as
17510-552: The customer base was expanded through the takeover of Jewish insurance houses as part of the Aryanization initiative (seizing Jewish businesses to put in non-Jewish hands). Allianz profited directly from deportations. From 1940 onwards, Allianz insured SS armaments factories, prisoners' barracks, material stores and vehicle fleets in concentration camps , including Auschwitz , Buchenwald and Dachau . Allianz employees regularly inspected concentration camps. During World War II,
17680-595: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Nazi Final solution Parties Nazism ( / ˈ n ɑː t s ɪ z əm , ˈ n æ t -/ NA(H)T -siz-əm ), formally National Socialism ( NS ; German : Nationalsozialismus , German: [natsi̯oˈnaːlzotsi̯aˌlɪsmʊs] ), is the far-right totalitarian socio-political ideology and practices associated with Adolf Hitler and
17850-550: The decay of morals, denounced the destruction of the natural environment and condemned "cosmopolitan" cultures such as Jews and Romani. The first party that attempted to combine nationalism and socialism was the (Austria-Hungary) German Workers' Party , which predominantly aimed to solve the conflict between the Austrian Germans and the Czechs in the multi-ethnic Austrian Empire , then part of Austria-Hungary . In 1896
18020-603: The development of 80 Fenchurch Street, a 240,000 sq ft office development in London. In October 2020, Allianz was named the world's top insurance brand by the Interbrand's Best Global Brands Ranking. On 1 August 2021, Allianz disclosed that the United States Department of Justice had launched a probe into Allianz to determine the role that executives had played in the loss of billions of euros from Allianz Global's Structured Alpha Funds. In September 2021,
18190-529: The disarmament of Germany, whereas the truth is that this is the policy of traitors ... But the politicians of the Right deserve exactly the same reproach. It was through their miserable cowardice that those ruffians of Jews who came into power in 1918 were able to rob the nation of its arms. In a speech given in Munich on 12 April 1922, Hitler stated: There are only two possibilities in Germany; do not imagine that
18360-444: The entire operation of Colombia is consolidated under the name of Allianz. Finland In 2017, Allianz alongside Macquarie Group and Valtion Eläkerahasto acquired Elenia taking ownership of Finland's second largest power distribution system operator and ninth largest district heating network. Allianz offers a wide range of general, life and health insurance products in Germany through its Allianz Deutschland AG subsidiary. It
18530-430: The existence of an irreconcilable polarity between Aryan ( Germanic ) and Jewish cultures . Aryan mysticism claimed that Christianity originated in Aryan religious traditions, and that Jews had usurped the legend from Aryans. Houston Stewart Chamberlain , an English-born German proponent of racial theory, supported notions of Germanic supremacy and antisemitism in Germany. Chamberlain's work, The Foundations of
18700-427: The existence of interracial struggle and put races on a hierarchy of evolution, ranging from wholly human to subhuman . Mendelian inheritance , or Mendelism, was supported by the Nazis, as well as by mainstream eugenicists of the time. The Mendelian theory of inheritance declared that genetic traits and attributes were passed from one generation to another. Eugenicists used Mendelian inheritance theory to demonstrate
18870-492: The extermination of the Jews. Langbehn called for a war of annihilation against the Jews, and his genocidal policies were later published by the Nazis and given to soldiers on the front during World War II . One antisemitic ideologue of the period, Friedrich Lange , even used the term "National Socialism" to describe his own anti-capitalist take on the völkisch nationalist template. Johann Gottlieb Fichte accused Jews in Germany of having been and inevitably of continuing to be
19040-464: The fact that words in European languages and words in Indo-Iranian languages have similar pronunciations and meanings. Johann Gottfried Herder argued that the Germanic peoples held close racial connections to the ancient Indians and the ancient Persians, who he claimed were advanced peoples that possessed a great capacity for wisdom, nobility, restraint and science. Contemporaries of Herder used
19210-576: The father of genetics , German botanist Gregor Mendel . Haeckel's works were later condemned by the Nazis as inappropriate for "National-Socialist formation and education in the Third Reich". This may have been because of his " monist " atheistic , materialist philosophy, which the Nazis disliked, along with his friendliness to Jews, opposition to militarism and support altruism, with one Nazi official calling for them to be banned. Unlike Darwinian theory, Lamarckian theory officially ranked races in
19380-573: The fields of agricultural and industrial labour. German Jewish financiers and bankers played a key role in fostering Germany's economic growth from 1871 to 1913 and they benefited enormously from this boom. In 1908, amongst the twenty-nine wealthiest German families with aggregate fortunes of up to 55 million marks at the time, five were Jewish and the Rothschilds were the second wealthiest German family. The predominance of Jews in Germany's banking, commerce and industry sectors during this time period
19550-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of
19720-469: The first time, I am ashamed to be a German." The former German emperor also denounced the Nazis as a "bunch of shirted gangsters" and "a mob ... led by a thousand liars or fanatics." There were factions within the Nazi Party, both conservative and radical. The conservative Nazi Hermann Göring urged Hitler to conciliate with capitalists and reactionaries . Other prominent conservative Nazis included Heinrich Himmler and Reinhard Heydrich . Meanwhile,
19890-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to
20060-512: The head of the government, with the title of Führer und Reichskanzler , meaning "leader and Chancellor of Germany" (see also here ). From that point, Hitler was effectively the dictator of Nazi Germany—also known as the Third Reich—under which Jews, political opponents and other "undesirable" elements were marginalised, imprisoned or murdered . During World War II , many millions of people – including around two-thirds of
20230-488: The heart of his political philosophy as well as his disdain for representative democracy , over which he proposed the Führerprinzip ( leader principle ), and his belief in Germany's right to territorial expansion through lebensraum . Hitler's objectives involved the eastward expansion of German territories, German colonization of Eastern Europe, and the promotion of an alliance with Britain and Italy against
20400-500: The history of Allianz that it "shows how important it is to diversify into related areas to hedge against the risk of fundamental changes in markets and economies". Allianz was a major supporter of the Nazi movement, and Hitler's first cabinet included the head of Allianz as a cabinet member. Allianz provided massive financial support at a crucial time for the expansion of the NSDAP. On 30 June 1933, Kurt Schmitt , Allianz Director-General,
20570-555: The induction of the Nuremberg Race Laws in 1935 by the Nazis, many German nationalists such as Roland Freisler strongly supported laws to ban Rassenschande between Aryans and Jews as racial treason. Even before the laws were officially passed, the Nazis banned sexual relations and marriages between party members and Jews. Party members found guilty of Rassenschande were severely punished; some party members were even sentenced to death. The Nazis claimed that Bismarck
20740-631: The integration, in October 2007, of three former insurance companies: RAS ("Riunione Adriatica di Sicurtà", Assurance Adriatic Reunion), established in Trieste in 1838 and based in Milan (part of the Allianz Group since 1987), Lloyd Adriatico , established in 1836 and based in Trieste (part of the Allianz Group since 1995) and Allianz Subalpina , established in 1928 and based in Turin (formerly
20910-518: The intellectual capitals of the continent, what Joachim Fest called the "scrapheap of ideas" prevalent at the time. In Hitler and the Collapse of the Weimar Republic , historian Martin Broszat points out that [A]lmost all essential elements of ... Nazi ideology were to be found in the radical positions of ideological protest movements [in pre-1914 Germany]. These were: a virulent anti-Semitism,
21080-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as
21250-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)
21420-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,
21590-541: The layoff of 7,280 employees, about 4 percent of its worldwide workforce at the time, as part of a restructuring program aimed at raising profitability ("Allianz Sustainability P&C and Life"). The reductions comprised 5,000 staff members at Allianz insurance operations and 2,480 at Dresdner Bank. In the same month, Allianz announced that its Dresdner Kleinwort Wasserstein investment banking operation would be renamed as simply Dresdner Kleinwort. In September 2005, Allianz announced that it would convert its holding company into
21760-508: The main priority of economic organisation, which tended to match the general outlook of collectivism or communitarianism rather than economic socialism. The Nazi Party's precursor, the pan-German nationalist and antisemitic German Workers' Party (DAP), was founded on 5 January 1919. By the early 1920s, the party was renamed the National Socialist German Workers' Party in order to appeal to left-wing workers,
21930-434: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent
22100-480: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without
22270-528: The midst of the Great Depression, facing the possibility of economic ruin on the one hand and a Communist or Social Democrat government on the other hand, German business increasingly turned to Nazism as offering a way out of the situation, by promising a state-driven economy that would support, rather than attack, existing business interests. By January 1933, the Nazi Party had secured the support of important sectors of German industry, mainly among
22440-552: The nation. He believed that communism was invented by the Jews to weaken nations by promoting class struggle. After his rise to power, Hitler took a pragmatic position on economics, accepting private property and allowing capitalist private enterprises to exist so long as they adhered to the goals of the Nazi state, but not tolerating enterprises that he saw as being opposed to the national interest. German business leaders disliked Nazi ideology but came to support Hitler, because they saw
22610-538: The people will forever go with the middle party, the party of compromises; one day it will turn to those who have most consistently foretold the coming ruin and have sought to dissociate themselves from it. And that party is either the Left: and then God help us! for it will lead us to complete destruction—to Bolshevism, or else it is a party of the Right which at the last, when the people is in utter despair, when it has lost all its spirit and has no longer any faith in anything,
22780-521: The policies by the end of the 1920s. In 1927, Allianz merged with Stuttgarter Verein Versicherung AG, which was then the leading accident and third-party liability insurer. Two years later, it acquired the insurance businesses of Favag, a large German insurer that declared bankruptcy due to the onset of the Great Depression. Expansion of the company then slowed until 1938 at which point it employed more than 24,000 people. Christian Stadler wrote of
22950-427: The previous fiscal cycle. Allianz has operations in over 70 countries and has around 150,000 employees. The parent company, Allianz SE, is headquartered in Munich. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management. In 2013, it was number 25 on the global Forbes 2000 list. Allianz Australia Insurance Limited
23120-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in
23290-523: The purity of the Nordic race. After reading the book, Hitler called it "my Bible". In Germany, the belief that Jews were economically exploiting Germans became prominent due to the ascendancy of many wealthy Jews into prominent positions upon the unification of Germany in 1871. From 1871 to the early 20th century, German Jews were overrepresented in Germany's upper and middle classes while they were underrepresented in Germany's lower classes, particularly in
23460-461: The radical Nazi Joseph Goebbels opposed capitalism, viewing it as having Jews at its core and he stressed the need for the party to emphasise both a proletarian and a national character. Those views were shared by Otto Strasser , who later left the Nazi Party and formed the Black Front in the belief that Hitler had allegedly betrayed the party's socialist goals by endorsing capitalism. When
23630-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When
23800-416: The remainder of Dresdner Bank by the end of 2009. After renegotiations, it was announced in November 2008 that Commerzbank would acquire the 100% ownership of Dresdner Bank earlier (12 January 2009). The sale price was lowered to 5.5 billion Euro. Shortly after the transaction completed, Commerzbank was partially nationalized by the German government to save it from bankruptcy. Allianz currently retains
23970-490: The rise of Hitler and the Nazis. In addition, the different ideologies incorporated into Nazism were already well established in certain parts of German society long before World War I . The Nazis were strongly influenced by the post–World War I far-right in Germany, which held common beliefs such as anti-Marxism, anti-liberalism and antisemitism, along with nationalism , contempt for the Treaty of Versailles and condemnation of
24140-485: The same and that Marxism was a Jewish ideology-this became known as " Jewish Bolshevism ". Hitler believed that The Protocols were authentic. During his life in Vienna between 1907 and 1913, Hitler became fervently anti-Slavic . Prior to the Nazi ascension to power, Hitler often blamed moral degradation on Rassenschande ("racial defilement"), a way to assure his followers of his continuing antisemitism, which had been toned down for popular consumption. Prior to
24310-563: The selling of its closed classical life insurance retail insurance book with covering assets such as mortgages to Monument Re. Allianz Bank Bulgaria is a universal commercial bank having its headquarters in Sofia. It was established in 1991. On 13 October 2003 the bank received the name of its principal shareholder – Allianz Bulgaria Holding. Before that the bank was named 'Bulgaria Invest' Commercial Bank. Allianz Bank Bulgaria offers its products in more than hundred branches and offices all over
24480-462: The seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and the international oil market. Iran was unable to sell any of its oil. In August 1953,
24650-503: The signing of the Treaty of Versailles in June 1919 and it was then that he became an antisemitic, German nationalist. Hitler expressed opposition to capitalism, regarding it as having Jewish origins and accusing capitalism of holding nations ransom to the interests of a parasitic cosmopolitan rentier class. He also expressed opposition to communism and egalitarian forms of socialism, arguing that inequality and hierarchy are beneficial to
24820-463: The steel and coal producers, the insurance business, and the chemical industry. Large segments of the Nazi Party, particularly among the members of the Sturmabteilung (SA), were committed to the party's official socialist, revolutionary and anti-capitalist positions and expected both a social and an economic revolution when the party gained power in 1933. In the period immediately before
24990-687: The support and connivance of traditional conservative nationalists who believed that they could control him and his party. With the use of emergency presidential decrees by Hindenburg and a change in the Weimar Constitution which allowed the Cabinet to rule by direct decree, bypassing both Hindenburg and the Reichstag, the Nazis soon established a one-party state and began the Gleichschaltung . The Sturmabteilung (SA) and
25160-573: The term "Nazi". Hitler Youth leader Melita Maschmann wrote a book about her experience entitled Account Rendered . She did not refer to herself as a "Nazi", even though she was writing well after World War II. In 1933, 581 members of the National Socialist Party answered interview questions put to them by Professor Theodore Abel from Columbia University . They similarly did not refer to themselves as "Nazis". The majority of scholars identify Nazism in both theory and practice as
25330-437: The term, but it soon gave up this effort and generally avoided using the term while it was in power. In each case, the authors typically referred to themselves as "National Socialists" and their movement as "National Socialism", but never as "Nazis". A compendium of Hitler's conversations from 1941 through 1944 entitled Hitler's Table Talk does not contain the word "Nazi" either. In speeches by Hermann Göring , he never uses
25500-404: The then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by the strong influence of
25670-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to
25840-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations
26010-573: Was Wilhelm Heinrich Riehl , whose work— Land und Leute ( Land and People , written between 1857 and 1863)—collectively tied the organic German Volk to its native landscape and nature, a pairing which stood in stark opposition to the mechanical and materialistic civilisation which was then developing as a result of industrialisation . Geographers Friedrich Ratzel and Karl Haushofer borrowed from Riehl's work as did Nazi ideologues Alfred Rosenberg and Paul Schultze-Naumburg , both of whom employed some of Riehl's philosophy in arguing that "each nation-state
26180-722: Was a major supporter of the Nazi movement and f.i. insurer of the Auschwitz concentration camp. Allianz AG was founded in Berlin on 5 February 1890 by the then-director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt , whose father was the director of the Thuringia insurance company) and Wilhelm von Finck (co-owner of the Merck Finck & Co. Bank ). The joint company
26350-562: Was a pro-Catholic Habsburg supporter and only used German nationalist notions occasionally for his own agenda. Although Hitler praised both Lueger and Schönerer, he criticised the former for not applying a racial doctrine against the Jews and Slavs. The concept of the Aryan race , which the Nazis promoted, stems from racial theories asserting that Europeans are the descendants of Indo-Iranian settlers, people of ancient India and ancient Persia . Proponents of this theory based their assertion on
26520-477: Was an organism that required a particular living space in order to survive". Riehl's influence is overtly discernible in the Blut und Boden ( Blood and Soil ) philosophy introduced by Oswald Spengler , which the Nazi agriculturalist Walther Darré and other prominent Nazis adopted. Völkisch nationalism denounced soulless materialism , individualism and secularised urban industrial society, while advocating
26690-607: Was appointed Economics Minister for Nazi Germany under Adolf Hitler and became an SS honorary member. He was a supporter of 'Aryanization' and pushing out Jews from public life in Germany. He later received various honours from the SS including the Deaths Head and Iron Cross. From 1933 to 1945, Allianz insured sub-organizations of the NSDAP and opened up new areas of business as the German Reich expanded. Among other things,
26860-415: Was founded 1914 as Manufacturers Mutual Insurance (MMI). Allianz acquired MMI in 1998. Allianz Australia operates throughout Australia and New Zealand and through its subsidiaries offers a range of insurance and risk management products and services. Subsidiaries of Allianz Australia include Club Marine, Allianz Life and Hunter Premium Funding. In 2012, Allianz Australia announced a multi-year agreement with
27030-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but
27200-512: Was instrumental in founding the German Empire. The Nazis declared that they were dedicated to continuing the process of creating a unified German nation state that Bismarck had begun and desired to achieve. While Hitler was supportive of Bismarck's creation of the German Empire, he was critical of Bismarck's moderate domestic policies. On the issue of Bismarck's support of a Kleindeutschland ("Lesser Germany", excluding Austria) versus
27370-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from
27540-452: Was listed in Berlin's trade register under the name Allianz Versicherungs-Aktiengesellschaft . The company was established with a start-up capital of 4 million marks. The first Allianz products were marine and accident policies that were initially sold only in Germany. However, in 1893, Allianz opened its first international branch office in London, distributing marine insurance coverage to German clientele looking for coverage abroad. In 1900,
27710-491: Was more radical and it did not express any emphasis on the restoration of the German monarchy. This younger generation desired to dismantle the Weimar Republic and create a new radical and strong state based upon a martial ruling ethic that could revive the "Spirit of 1914" which was associated with German national unity ( Volksgemeinschaft ). The Nazis, the far-right monarchists, the reactionary German National People's Party (DNVP) and others, such as monarchist officers in
27880-411: Was not exclusively for any class and he indicated that it favoured neither the left nor the right, but preserved "pure" elements from both "camps" by stating: "From the camp of bourgeois tradition, it takes national resolve, and from the materialism of the Marxist dogma, living, creative Socialism." Historians regard the equation of Nazism as "Hitlerism" as too simplistic since the term was used prior to
28050-501: Was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,
28220-510: Was overshadowed by both Prussian patriotism and the federalist tradition of its various component states. The events of World War I, including the end of the Prussian monarchy in Germany, resulted in a surge of revolutionary völkisch nationalism. The Nazis supported such revolutionary völkisch nationalist policies and they claimed that their ideology was influenced by the leadership and policies of German Chancellor Otto von Bismarck , who
28390-499: Was populist and opposed to traditional elites, spoke of the need for a "People's War" ( Volkskrieg ) and put forth concepts similar to those which the Nazis adopted. Fichte promoted German exceptionalism and stressed the need for the German nation to purify itself (including purging the German language of French words, a policy that the Nazis undertook upon their rise to power). Another important figure in pre-Nazi völkisch thinking
28560-527: Was sold off to the market leader ING Canada (Now Intact ), and Allianz Canada continues operations in Cambridge, Ontario . Allianz Canada has also merged with TIC Travel Insurance in 2014 and has become one of the largest insurance companies in Canada as a result. In January 2021, the China Banking and Insurance Regulatory Commission authorized the Allianz group to establish Allianz Insurance Asset Management, owned by Allianz China Iamc and based in Beijing . The next month, Allianz agreed with CITIC Trust
28730-434: Was unable to complete German national unification because Jews had infiltrated the German parliament and they claimed that their abolition of parliament had ended this obstacle to unification. Using the stab-in-the-back myth , the Nazis accused Jews—and other populations who it considered non-German—of possessing extra-national loyalties, thereby exacerbating German antisemitism about the Judenfrage (the Jewish Question),
28900-417: Was very high, even though Jews were estimated to account for only 1% of the population of Germany. The overrepresentation of Jews in these areas fuelled resentment among non-Jewish Germans during periods of economic crisis. The 1873 stock market crash and the ensuing depression resulted in a spate of attacks on alleged Jewish economic dominance in Germany and antisemitism increased. During this time period, in
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