Tag Archives: wealth distribution

What is the problem with economic migration?

For a number of years now, migration has been one of the most prominent topics in the media – with local peaks in some countries, often caused by upcoming elections, as it has become quite obvious that it is a topic that has the ability to move voters, in one way or the other. In the Western (a.k.a. ‘developed’ or even ‘civilized’) countries, generally speaking a clear majority of the population agrees that, in the context of the migration which is covered so abundantly in the media, refugees fleeing for war should be allowed to migrate to those countries for humanitarian reasons.

But if it comes to migration for economic reasons, the willingness to allow access to the territory is dramatically lower – even amongst large parts of the population that would never even consider voting for extreme right and/or populist parties, traditionally the loudest anti-migration voices. I am wondering why this is the case. As I see it, large scale economic migration has existed for centuries without outbursts of Western protest, so what is causing this change of attitude? Perhaps I should attempt to figure out what is different now from the way it was happening before…

Let’s try breaking it down into separate elements, by looking at factors such as the areas that have been source and destination, the objects migrating, the consideration of who took the decision, the beneficiaries of the outcome, etc. Continue reading

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Quote of the day #29

“This is a very important debate for the decades ahead. The public debt (which is much smaller than total private wealth and perhaps not really that difficult to eliminate) is not our major worry. The more urgent need is to increase our educational capital and prevent the degradation of our natural capital. This is a far more serious and difficult challenge, because climate change cannot be eliminated at the stroke of a pen (or with a tax on capital, which comes to the same thing).”

Thomas Piketty in the concluding pages of Capital in the Twenty-First Century
(his 700 page plea for a progressive annual tax on
capital aimed to improve wealth distribution)
Picture cropped from blu-news.org's Photostream on Flickr (https://www.flickr.com/photos/95213174@N08/)