For those with a sense of history, it should come as no surprise that crashes, crises, crunches and contractions frequently spawn a wild-eyed and far-reaching hunt for scapegoats.
For example, following the meltdown in global stock markets that took place over the past year, short sellers have been singled out and demonized as the ones responsible, even though any sort of rational analysis would prove otherwise.
Indeed, "such noted investors as Seth Klarman and Warren Buffett have said that short sellers help the market. Klarman argued that short sellers are a useful counterweight to the widespread bullishness on Wall Street, while Buffett believes that short sellers are useful in uncovering fraudulent accounting and other problems at companies," according to Wikipedia.
When it comes to severe economic downturns, foreigners in general, and immigrants in particular -- especially the illegal kind --are often seen as the source of the problem, whether warranted or not. Invariably, such a perspective tends to feed on itself, stirring up widespread xenophobia and increasing calls for protectionism.
In "Immigration Debate Intensifies as European Economy Falters," Agence France-Presse reports on developments overseas that suggest the forces of anti-immigrant scapegoating are gathering steam.
Several thousand people took to the streets of France's capital to protest against sweeping new immigration guidelines agreed by EU leaders as the British government warned of tougher entry restrictions owing to the financial downturn.
Immigration as an economic issue is exercising governments across Europe with unemployment set to rise as recession threatens in the fallout from the global financial crisis.
French demonstrators unfurled a banner proclaiming "Bridges, not walls" at the Paris rally. Other signs that read: "We are all immigrant children" and "Detention centres are lawless places, a state secret."
In Le Mans, central France, a 60-year-old woman doused herself in flammable liquid in front of a detention centre and set herself on fire in protest at authorities' threats to deport her partner back to Armenia.
The Paris rally along with a 'citizens summit' was organised by some 300 international NGOs, many of them from African nations. Its organisers adopted a declaration Friday evening expressing their dismay at a policy "which would turn Europe into a fortress."
Adopted Thursday by leaders of the 27-member European Union, the European Pact on Immigration and Asylum -- a document of political intent but not binding laws -- sets out principles for managing migration, fighting illegal immigration and forming partnerships with countries people leave or travel through to get to Europe.
It also seeks to make border controls more effective while building better asylum policy, with refugees increasingly obliged to apply for asylum status from outside the bloc.
Britain's new immigration minister has already promised to impose tougher restrictions as the country's unemployment rate looks set to soar to its highest level in nearly a decade.
"It's been too easy to get into this country in the past and it's going to get harder," Phil Woolas told The Times newspaper in an interview published Saturday.
In a dramatic change of policy, the Labour government intends to place a limit on immigration, according to the daily.
"There has to be a balance between the number of people coming in and the number of people leaving," said Woolas.
The minister said his government would not allow Britain's population to grow to 70 million people.
Britain's population grew by about 3.4 percent to almost 61 million people between 2001 and 2007 fuelled by expansion of the European Union, according to latest figures from the Office for National Statistics.
Britain's unemployment rate jumped to an eight-year high of 5.7 percent in the three months to August, official data showed on Wednesday.
The 5.7-percent unemployment rate was the highest since the three months to March, 2000.
Migration is unstoppable! don't believe me? Ask the any Indian
from the American continent.
Posted by: roger | October 19, 2008 at 12:23 PM
sorry to intrude again, but I can't resist this one.
There is a philosophy that claims everything turns into it's
opposite. The English where great colonist and very proud of
it,now its seems they are been colonized,it's only fair.
Posted by: roger | October 19, 2008 at 02:08 PM