Doug Casey on How to Solve the Migrant Crisis

Doug Casey on How to Solve the Migrant Crisis

Editor’s note: Yesterday, Doug Casey shared his views on the self-identified “elite.” If you missed it, you can read it right here.

Today, Doug breaks down the growing migrant crisis. Doug says this crisis will be “one of the biggest problems in the next generation”…and below, he discusses how it can be solved.

[This essay was originally published in the October issue of The Casey Report.]

Let me start by saying 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 stagnant and repressive cultures for vibrant and liberal ones. That was the case with the millions of immigrants who came to the US in the late 19th and early 20th centuries. And they 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. Western Europe is a massive welfare state that providing free food, housing, medical care, schooling, and living expenses to all comers. Benefits like these will naturally draw in poor people from poor countries. For the most part they’ll be unskilled, poorly educated, and many will have a bad attitude. The question arises why—since they’re almost all Muslims—they aren’t being welcomed by Saudi Arabia, the UAE, Qatar, or Brunei, which are wealthy Muslim countries.

What we’re talking about here is the migration of millions of people of different language, different race, different religion, different culture, and different mode of living. If you’re an alien and you’re 1 out of 10,000, or 1000, or even 100, you’re a curiosity, an interesting outsider. And you’d have to integrate in the new society. But an influx of millions of migrants can only destroy the old culture. And guarantee antagonism—especially when the locals are forced 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 barbarians into the Roman Empire. It’s potentially much more serious.

Although most of the migration will be out of Africa, it’s supposed to be official Chinese policy to migrate about 300 million Chinese into 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. The problem won’t only be tens or hundreds of millions of Africans migrating to Europe, but tens or hundreds of millions of Chinese migrating to Africa.

The EU is a huge aggravating factor with the migrant situation. Brussels is full of globalists and doctrinaire socialists who not only promote bad policies, but make the whole continent pay for the mistakes of its most misguided members. The migrants, who are manifestly unwelcome in Hungary, Poland, and other Eastern European countries, will prove another big impetus for the breakup of the EU.

Millions of Africans will want to emigrate, especially to the homelands of their ex-colonial masters in Europe. The colonizers are now themselves being colonized. Fair enough, I suppose; a case of the sins of the father truly devolving upon the sons. If I was an African from south of the Sahara, I’d absolutely try to get to Italy or Greece or France or Spain or on my way to Northern Europe to cash in on the largesse of these stupid Europeans.

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Doug Casey

For over a quarter of a century, legendary investor and best-selling author Doug Casey and his team at Casey Research have been helping self-directed investors to earn superior returns through innovative investment research designed to take advantage of market dislocations..