SIEMENS: Monopoly with Sinister Nazi Past

Rtuc's Blog

German monopoly Siemens AG.

Siemens, headquartered in Munich and operating in 190 countries, is moving its entire energy research operation from Ontario to its existing office in Calgary. The provincial agreement with Siemens fits well with the government’s plans to tie university research more closely to the needs of the monopolies — Siemens is already researching oilsands emissions. The agreement also aligns with Alberta’s “International Strategy,” part of which is to further sell out the province by increasing direct foreign investment.

After the signing, Lukaszuk praised Siemens as a company with “reputation” and “profile” but carefully omitted the content of that reputation and profile. In 2007 and 2008, Siemens was hit with multi-million dollar fines for price fixing and bribery. On a much more sinister note, in the 1930s, Siemens helped fund the rise of the Nazi Party and the secret rearmament of Germany. During the Second World War, Siemens…

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