Nick Giambruno: The migrant crisis is tearing Europe apart. What's your take Doug?
Doug Casey: I'm all for immigration and completely open borders to enable opportunity seekers from anyplace to move anyplace else. With two big, critically important, caveats: 1) there can be no welfare or free government services, so everyone has to pay his own way, and no freeloaders are attracted 2) all property is privately owned, to minimize the possibility of squatter camps full of beggars.
In the absence of welfare benefits, immigrants are usually the best of people because you get mobile, aggressive, and opportunity-seeking people that want to leave a dead old culture for a vibrant new one. The millions of immigrants who came to the U.S. in the late 19th and early 20th centuries had zero in the way of state support.
But what is going on in Europe today is entirely different. The migrants coming to Europe aren't being attracted by opportunity in the new land so much as the welfare benefits and the soft life. For the most part they are unskilled and poorly educated.
What we're talking about here is the migration of millions of people of different language, different race, different religion, different culture, different mode of living. If you're an alien and you're 1 out of 10,000, or 1,000, or 100, you're a curiosity, an interesting outsider. But an influx of millions of migrants is only going to destroy the old culture, and guarantee antagonism—especially when the locals have to pay for it. In many ways, what's happening now isn't just comparable to what happened 2,000 years ago with the migration of the Germanic northern barbarians into the Roman Empire. It's potentially much more serious.
Nick Giambruno: I think pretty much anywhere in the world, whenever there's an influx of foreigners to the degree that it changes the demographics or upsets the local economic applecart, it's obviously going to cause problems.
For example, the Chinese are wearing out their welcome in many parts of Africa.
We saw this ourselves when we went to Zimbabwe earlier this year. Their numbers have grown so much that there are numerous Chinese mini cities within Zim.
Many people in Zim aren't too happy with the Chinese dumping cheap products and upsetting the local economy. When we asked our driver to take us through a rough neighborhood, all we saw was a seemingly endless market, as far as I can tell, completely filled with Chinese products.
Doug Casey: Incidentally, it's supposed to be official Chinese policy to migrate about 300 million Chinese to Africa in the years to come. They're employed in building roads, mines, railroads, and other infrastructure. The Africans like the goodies, but don't like the Chinese. It has the makings of a race war a generation or so in the future.
Nick Giambruno: Getting back to the crisis in Europe…
It's well known the gigantic bureaucracy in Brussels produces ridiculous regulations and dictates. The EU has reduced the standard of living of the average European.
Of course this is related to the migrant issue too. The EU has a quota system which is supposed to distribute migrants across the union. Not all EU countries are happy with this.
For example, Hungary doesn't believe it should have to accept any migrants if it doesn't want to. Brussels disagrees and says Hungary is obligated to take in its "fair share" of migrants.
Hungarian Prime Minister Viktor Orban recently said:
"Hungary does not need a single migrant for the economy to work, or the population to sustain itself, or for the country to have a future…