Tag Archives: economic growth

Immigration imposes a large net cost, and should be reduced

[I’ve posted on this before, but the issue keeps coming up.]

Jane O’Sullivan https://theconversation.com/profiles/jane-osullivan-1809

The dramatic drop in immigration because of the Covid-19 closure of our borders is causing concern among advocates of a high immigration rate, who claim it is essential to the economy. But there is a widely-overlooked and very large cost.

Discussing immigration in Australia is fraught, with any questioning of policy likely to generate outrage and to be labelled racist, populist, nationalist and an assault on Australia’s economy. All of that has followed Labor spokesperson Kristina Keneally’s rather mild suggestion that total numbers of immigrants ought to be lowered after the coronavirus shutdown, especially of temporary immigrants.

The rather hysterical response is partly just over-reaction, partly confected by those who support massive immigration, and partly reflecting common economic furphies.

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Gr**th and G*P: Don’t Mention the G-Words

[Published at Real World Economics Review Blog 18 Dec]

A recent exchange between Jason Hickel (and here and here) and Dean Baker (and here) on whether humanity can have a viable future and still have ‘economic growth’, nicely highlights the way old concepts and words can trap us in unproductive debate and action.

The way forward is to recognise the need for a fundamental re-framing of the nature and purpose of our societies, and their economies. The terms growth, GDP, capital and capitalism are so ill-defined, confused or inappropriate they only hinder debate.

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