IMMIGRATION

I like to keep things simple.

The United States of America introduced black slaves for cheap labour. Australia became involved in ‘blackbirding’ Melanesians for the same reason.

Today, Australian and US businesses can’t afford* to pay fair wages to workers either, so they welcome excessive migration and cheap labour.

Immigration is fine, but it needs to be managed properly.

Although Donald Trump won the election opposing this more genteel form of slavery, he and his economic advisors are most unlikely to apply a brake to the debt-inducing impossible land prices that have been constraining national productivity*. Earned incomes and profits have declined rapidly as financialised speculation festers, burgeoning out of control.

This is the USA’s currently ‘great economy’, but Australia currently leads it at property speculation.

As in the late 1920s, this must end badly.