Thursday, September 19, 2024

The Real Reason For Mass Migrations

The affluent areas of the West are being over run by migrants from the Fertile Crescent and adjacent areas. They move because after viewing American and European cinema and television it's obvious that being a resident, legal or otherwise, in a place like Omaha is better in some ways than living in Caracas, Port-au-Prince or Barranquilla.

Humanitarians, the Lutheran Church, for instance, actually send air plane tickets to US cities for African governments to issue to random citizens. They feel that all things being equal these migrants will have a better life in the US than they will in the place where they were born and raised.

The secondary effects of migration on the target country seem to be ignored or minimized. Being allowed into a large, wealthy environment is a great opportunity for criminals already in legal jeopardy in their own country. Somewhere else is a new opportunity for them to practice their craft. 

The above are all factors in the migrant phenomenon but they're not the basic cause, which is deflation and, more important, fixed asset devaluation. Business leaders are concerned that the declining birth rates in developed countries mean that in the not-so-distant future populations will decline without immigration. Problem number one with population shrink is a fall in the value of housing stock and less housing construction. Housing rental rates will plummet. While the 2007 housing bubble created financial havoc in the country the remedy was quickly assumed to be construction of apartment complexes, where the mortgage payer is a corporation and if tenants don't pay the rent they can be evicted without onerous and expensive mortgage foreclosure. But that's only part of the picture.

If corporate profits are to grow, so must the population of consumers. Even if fertility were to remain at a replacement level it wouldn't be sufficient to support the steady economic growth of a hyper-capitalist society. The value of fixed assets would decrease. In that case it will be more difficult or impossible to use those assets for loan security. Borrowed money, "leverage", predicated on future profits, is a key feature of capitalism. The migrants aren't needed in the production process, which is taken over more and more daily by mechanization and robotics but instead as consumers. The most mysterious part of the equation is where these new migrants are going to acquire the funds needed to become effective consumers.

So the failure of women to reproduce means that immigrants are needed to supply the mothers that produce more children that buy things. Oswald Spengler predicted all this from the analysis of its occurrence in the past. French historian Jean Gimpel saw parallels in the era of medieval Europe and the current situation in the US.

It's not to say that human life won't continue. But it will be much different than what we experience now.       

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