Comments by "k98killer" (@k98killer) on "BRICS Expansion u0026 Challenge to United States Dollar? Simply No." video.

  1. Mark, what is your take on the issues around immigration in Canada and some European countries? For example, in Canada, they have experienced extreme housing price inflation and other economic disruptions so great that their per capita GDP has declined in nominal terms; Canada has imported mostly skilled workers, driving down wages for skilled Canadians while the cost of living has been skyrocketing. In Germany and the UK, they have been less selective with their immigration policies, and the result has been significant increases in poverty and accompanying crime (and there is an argument for cultural differences driving some types of crimes and various scandals about those crimes being covered up). How temporary or persistent will these issues be? What benefits can these countries expect in the medium and long terms for the pain that ordinary citizens are experiencing right now? My initial thought is that the governments of these countries are trying to arrest demographic decline to avoid becoming Japanified, but I don't know how effective they will be considering the ubiquity of failed integration. On the one hand, the US has experienced more than our fair share of issues with integrating immigrants through a few centuries, and we have come through mostly okay as a whole, but on the other hand, this was not without internment camps, exclusion acts, ethnically motivated violence, and the like. And on top of that, the European countries with mass and unselective immigration are known to be sclerotic and not technologically very innovative, so increasing their populations might not have the desired effect. It's a complex issue that is evoking a lot of simplistic proposals by disaffected citizens.
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