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Saturday, September 26, 2020
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Reader’s comment: Migration Ponzi scheme

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In response to Alp Mehmet: To hell with what the public want on migration,

geo wrote:

Dr Joseph Chamie, director of research at the Centre for Migration Studies, has described mass migration-driven economic growth as a ‘Ponzi scheme’ which boosts companies’ profits at the expense of quality of life and the environment.

‘The underlying strategy of Ponzi demography is to privatise the profits and socialise the costs incurred from increased population growth,’ wrote the demographer, who directed the United Nations Population Division for 12 years.

Mass immigration means more demand, consumption, borrowing, and profits, Dr Chamie conceded – but while companies see population growth swell their profits as the number of consumers in the economy rises, the general public is left to pick up the tab for mounting costs in education, healthcare, housing and crime.

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