March 22, 2013

The EB-5 Visa ripoff of Americans

From the Washington Post:
They looked like any other family here in rural Michigan, but they are Dutch citizens. And they are faces of a fast-growing U.S. visa program in which foreigners can gain permanent residence by investing $500,000 in a U.S. project that creates at least 10 jobs. 
Through the program, known as EB-5, the Dekkers have a half-million-dollar stake in the Marriott Marquis Hotel rising in the District next to the Washington Convention Center. 
In return for their investment — and filing a foot-high stack of documents that includes bank and tax records, criminal background checks and even syphilis tests — they got five shiny new green cards in November. 
The cards, emblazoned with their photos and an image of the Statue of Liberty, give them temporary residency that will become permanent in two years — so long as the Marriott project succeeds. 
The Dekkers need it to keep their family together. Although they have lived on their farm off a country lane called Bad Axe Road since 2000, they had temporary visas that required their children to leave the country upon turning 21. Investing in the Marriott was their way to prevent that . 
“We love our life here,” said Judith Dekker, 48. “We have invested so much money because we want to live here in Michigan. And we don’t want to split up our family.” 
The EB-5 program is booming in popularity, driven largely by a struggling U.S. economy in which developers are searching for new sources of capital. It is also fueled by rising demand from foreigners looking for access to U.S. schools, safe investment in U.S. projects and — in the case of China, where most of the investors are from — greater freedom. 
The program has broad bipartisan support in Congress, and key senators who are negotiating an overhaul of the immigration system have said they are leaning toward expanding visa programs that provide an immediate boost to the economy. 
But others argue that the EB-5 program amounts to buying citizenship, and that it unfairly allows wealthy foreigners to cut the visa line ahead of others who have waited for years. ...

Nobody notices the most cogent objection that citizenship is being sold too cheaply. This is the direct analog of the huge violation of fiduciary duty when a corporate executive creates new stock in a publicly traded company and sells it too cheaply. But economists are largely impervious to grasping this analogy.
 Three-quarters of all those visas have been issued since 2008, when the recession hit and developers started having trouble finding capital. 
The program also provides cheap financing for U.S. developers. EB-5 investors are offered very small returns on their investment — usually about 1 to 3 percent — rather than the much higher rates developers would have to pay for traditional financing.

In other words, these foreigners didn't pay $500,000 to the U.S. Treasury to reduce our tax burden in return for diluting the scarcity value of U.S. residency. Instead, they invested $500,000 with Marriott, which they reasonably expect to get back, just with lower than market interest rate payouts. In other other words, under this plan, you and me are subsidizing Marriott's financing of its hotel by diluting the scarcity value of U.S. citizenship. 

What's the net benefit to current American citizens in general? Nobody seems to know, but it would appear that Marriott shareholders pocket the great bulk of the financial benefit. Excluding Marriott shareholders, the benefit to the general American citizenry of giving out five greencards is probably in the range of a few thousand dollars. Basically, this program consists of Marriott and foreigners conspiring to benefit each other at the general citizenry's expense.

Is that really the market price for green cards? Couldn't this program, with an annual limit of 10,000, be replaced with an auction that auctions off the same number of green cards per year, with the cash going directly to the U.S. Treasury? What would annual auction of 10,000 green cards net for the Treasury? Maybe a couple of orders of magnitude more benefit for the average American than this program.

Now, you could say that this program isn't as destructive as other immigration programs, but, as you learn in Econ 101, you are supposed to think in terms of opportunity cost. The forgone benefit to the average America taxpayer adds up to many billions per years. But, basic Econ 101 thinking like opportunity cost, supply and demand, and scarcity value is, for never explained reasons, verboten when thinking about the economics of immigration. Instead, you're supposed to just lie there and think about the Statue of Liberty.

52 comments:

Anonymous said...

It seems to me that the opportunity cost is very low, since, as we've seen, the government would just increase its bloat by the amount paid in. For all we know, there would probably be a special program to divert it to poor children of undocumented immigrants - you know, these immigrants should appreciate that they are helping fellow immigrants.

We can rest assured that they won't be on the dole any time soon. I don't suppose we can restrict anyone from muslim countries using this, can we? ;)

Carl said...

Why so eager to give money to the U.S treasury, Steve? Why feed this pro-immigration welfare state? At least the Marriott provides jobs and customer satisfaction.

Steve Sailer said...

"Why so eager to give money to the U.S treasury, Steve?"

Because I'm working on my taxes right now. Hence, I'm not in a good mood about sophisticated companies like Marriott giving away some of the scarcity value of my citizenship for its private financial benefit.

Anonymous said...

tru dat my brotha but would you rather middle class dutch volk or Saudi sheiks buying in

Steve Sailer said...

"would you rather middle class dutch volk or Saudi sheiks buying in"

The Dutch farmers example is one dredged up by the WaPo. The modal example would no doubt be Chinese, of the same sort who would consider birth tourism fraud.

Anonyia said...

Immigrants can also gain visas through opening charter schools.

http://www.reuters.com/article/2012/10/12/us-usa-education-charter-visas-idUSBRE89B07K20121012

Anonymous said...

Steve said- "...scarcity value of my citizenship... really? Citizenship papers are soon to be handed out like strip club flyers on Las Vegas blvd.

Anonymous said...

The key thing about immigration is to avoid letting in people who are going to cost you money down the line. Being able to get your hands on 500k seems a rather good screen to me.

a Newsreader said...

This sure is as much a scam as the other immigration loopholes you detail on the site, but there might be a couple of mitigating side effects.

1. This scam at least filters for immigrants who have the wherewithal to raise a large sum of money. This program probably attracts higher quality immigrants than the refugee scams and guest worker scams.

2. It is probably also designed to inflate the money supply with foreign dollars. The Obama administration has been doing everything in its power to encourage more investment to stave off deflation. Lately, they have been prevented from spending as much as they want by the Republicans in congress. But an infusion of foreign cash is a nice way to stop the dollar exodus. As you said, the damage to the victims is spread over the entire citizenry*, which makes it easier for the government to sneak it past us.

*as would a straight up cash printing operation (i.e. stimulus, quantitative easing, etc.), but the shadyness of such a move is more obvious to the public than these immigration scams. The immigration scams are also bipartisan, unlike many of our other favorite inflation schemes.

Dutch Boy said...

The net benefit of this transaction is the presence of five more Dutchmen in the land of the free (and the home of the dumb). The average American IQ just went up 5 points.

a Newsreader said...

On second thought, 10000 green cards times $100000 per isn't really that much stimulus. It's probably just a targeted payout to favored corporations.

Anonymous said...

Dutch Boy:"The net benefit of this transaction is the presence of five more Dutchmen in the land of the free (and the home of the dumb). The average American IQ just went up 5 points."

Five Dutchmen vs how many million Mexican mestizos? A very tiny drop in a very big bucket.

syon

Whiskey said...

Steve -- Being an American, French, German, British, Dutch, Danish, Swedish, Norwegian, Italian, Spanish etc. citizen or subject is as precious as being a member of Sam's Club. And that won't change any time soon.

Mickey Kaus had a great post on the opportunity for a guy to run against Amnesty, which the base detests, in the Republican Party. Not even Rand Paul opposes Open Borders and Amnesty and citizenship offered up like a Sam's Club membership. At a time when everyone is getting ready to run in 2016, this ought to be a way to distinguish yourself and be a kingmaker. Yet no one wants to oppose Open Borders and make citizenship into something basically worthless.

The reason: Elites are too big. Too wealth, and this is KEY: TOO NUMEROUS. Our elites in NUMBER have exploded, basically five-eight times what they were in 1950. Maybe even 10-15 times; given Charles Murray's numbers in Coming Apart.

Being an American is about as important, significant, and valuable as getting a discount card at Supercuts. That won't change any time soon. This is a late Roman Empire phenomena. You have to search for another belonging that protects and is worth being part of: Church, family, etc.

Anonymous said...

Everyone's needs and desires are infinite, those of the government included. As Friedman one said, govt will spend all they can tax plus all they can presently borrow. If Gates pays more you do not pay less.

Now I think it is crummy that this program unfairly benefits some companies. Crony capitalism.

Even of the govt got the money it would suck. Right now it seems that large financial institutions can defraud the public to various degrees or break laws and then there is a "settlement" involving a fine to the Treasury. Sort of like you get to fleece the public with fraud and illegality if you pay a nice share to USG.

I think we should allocate our immigration slots to productive people with assets, a proven record of financial probity, who can invest in this country. Once they become a citizen no other country will accept their deposits.

Govt wants you to support taxes so it encourages the ides that if someone else does not pay you pay more. It reminds me of mu brother who is always upset that CEO's make so much money. He has no such feelings about movie stars he watches or sports stars he follows. If I said lets limit movie stars to 400% of what the lowest gaffer earns on the set he would be against it - he wants to see certain people, not unknowns.

Anonymous said...

In the same state, Michigan, there is a real estate development of McMansions being considered in the Ann Arbor suburbs specifically to cater to rich Chinese nationals and with a buy in price enough to qualify for the investment threshold that gets you a green card (in this case, 10 jobs created or some other nebulous figure).

http://www.upi.com/Top_News/US/2012/05/15/Michigan-development-luring-rich-Chinese/UPI-45431337117939/

Anonymous said...

The Washington Post wants us to read about a Dutch person and breath a sigh of relief. They bury the fact that most are Chinese. Koreans, Tawainese, Indians, Israelis, Japanese and Pakistanis are probably make up most of the rest.

Anonymous said...

Similar program has been going on for three decades in Canada. For a lot of people, just a cheap way of buying a second citizenship which comes in handy if things go bad at home. Plus cheap university tuition and free medical care.

http://en.wikipedia.org/wiki/Canadian_Immigrant_Investor_Program

Anonymous said...

Ideally there would be a world market exchange for various citizenships. What would be the bid/ask on a Swiss one? :)

Anonymous said...

http://www.gallup.com/poll/161435/100-million-worldwide-dream-life.aspx

A post-worthy article by gallup for Steve.

International Jew said...

Selling citizenship to the highest bidder would be a great idea but I can improve on it: let American citizens also *sell* their citizenship. Imagine a nice Dutch family trading places with someone who'd take, oh, a million bucks to get set up for life in Guatemala or Gambia!

This would prevent the payments from contributing, as some have warned, to govt bloat. Maybe even libertarians could support this idea.

anony-mouse said...

I suspect that an auction wouldn't make even $50000 each for 10,000 visas, especially post-amnesty.

The government would probably do better on the regular income taxes off of a $500,000 investment in a Marriott.

Anonymous said...

"Being an American is about as important, significant, and valuable as getting a discount card at Supercuts. That won't change any time soon. This is a late Roman Empire phenomena. You have to search for another belonging that protects and is worth being part of: Church, family, etc."

Yes, but we have to live and work with these immigrants. We can't isolate ourselves legally.


It's like someone crawling into your bed that you can't kick out or get away from and it's not Kate Upton.

It's like the US and Europe are being raped and we have to lie back and enjoy.

Matthew said...

"The net benefit of this transaction is the presence of five more Dutchmen in the land of the free (and the home of the dumb). The average American IQ just went up 5 points."

...and five fewer Dutchmen in a land rapidly being overrun by Muslims. It's a zero sum game.


"Instead, you're supposed to just lie there and think about the Statue of Liberty."

On your stomach, pants off, with a tube of astroglide at the ready.

Sell 65,000 H-1B visas for $50k a pop. You'd raise $3 billion. Instead we give that money away to Bill Gates, et. al.


"Hence, I'm not in a good mood about sophisticated companies like Marriott giving away some of the scarcity value of my citizenship for its private financial benefit."

Sen. Orrin Hatch (R-Chamber of Commerce) shares grandchildren with one of the Marriott brothers. One of Hatch's sons is married to one of Marriott's daughters, who stands to inherit about $500 million when her father dies.

Hatch proposed the DREAM Act, which Obama illegally implemented last year, and in 1991 he proposed removing the restrictions on the hiring of illegal aliens.

Anonymous said...

Steve -- Being an American, French, German, British, Dutch, Danish, Swedish, Norwegian, Italian, Spanish etc. citizen or subject is as precious as being a member of Sam's Club. And that won't change any time soon.

I notice this guy didn't put his favorite middle eastern country on this list.

At a time when everyone is getting ready to run in 2016, this ought to be a way to distinguish yourself and be a kingmaker. Yet no one wants to oppose Open Borders and make citizenship into something basically worthless.

The reason: Elites are too big.


Maybe. Or maybe the MSM and those Atlantic 50 types would excoriate them.

Anonymous said...

The Dutch farmers example is one dredged up by the WaPo. The modal example would no doubt be Chinese, of the same sort who would consider birth tourism fraud.

This is probably similar to the phenomenem in the UK where the media can only criticize immigration when they discuss Poles. Any mention of the main source of immigration is verboten.

Anonymous said...

"Steve -- Being an American, French, German, British, Dutch, Danish, Swedish, Norwegian, Italian, Spanish etc. citizen or subject is as precious as being a member of Sam's Club."

It's harder to get into Sam's Club. I returned a gift and got a gift card, but when I tried to buy something with it, they wouldn't sell anything to me because I am not a member.

Derb's Mossberg said...

At least HK and Singapore are whores for more $ than this. $1/2 million was a big surprise. Then again, they've both got brighter futures...

Paul J. said...

"Nobody notices the most cogent objection that citizenship is being sold too cheaply."

Its true that this is selling out cheaply but in the grand scheme of things, at least its selling out for a positive amount and you're bring in people who are productive. And at 10k a year, its much smaller numbers than a lot of other visas. I'm more concerned about the millions of free Citizenships being pondered in Congress to "undocumented" individuals which will have a huge permanent net cost for us.

When your house is burning down you worry about the fire, not about the crumbs on the kitchen table.

Joseph D. said...

Most wealthy third-worlders don't actually want to live in the US, they just want a back-door escape hatch in case they need to escape criminal charges in their home countries and a second identity so they can steal public funds and hide them in secret bank accounts. For those kind of people, US citizenship is a bad deal because of the bizarre US insistence on taxing citizens & green card holders who don't actually live in the country.

That's the reason even Balkan shitholes like Montenegro or Caribbean ones like Dominica still charge six figures for their passports. A country which is actually desireable to live in and intends on keeping it that way with strict migration policy, like Australia, can charge as much as $5 million for PR.

jody said...

south korea has exactly the same program. exactly. in fact last time i checked there were only 3 ways to immigrate to south korea:

1) you own a business worth at least 5 million US dollars
or
2) you show up with at least 500,000 US dollars in assets to invest
or
3) the government designates you a person of special interest and critical value to south korea.

basically their way of saying, if you're the leading scientist in your field or something like that, and you could help south korea as a country, and you really want to move here, you can move here.

with respect to the EB-5 visa in the US, i posted previously that wealthy chinese immigrants are responsible for a good amount of the rebound in housing prices on the west coast of the US. this is the kind of program they eat up.

Hank Bird said...

This may sound ludicrous. If USA, Canada, and Mexico were unite as one nation under god call itself America. Things would still remain more or less the same in the USA.

The cream would rise to the top, the Rich in Canada, Middle-classes in USA, and Poor in Mexico.

There are a lot of people who dont mind being poor, only want to be called a US Citizen or American.

Anonymous said...

Maybe the infamous Pete Wilson could be persuaded to run for President again.

I've got just the wedge issue for him to differentiate himself from the other Republican products on the shelf . . .

Jose Dorito

Col. Reb Sez said...

The way I see it, if someone is able to earn substantially more than average, pay more than average in taxes, and has an above average IQ, we ought to pay them to move to the United States and take up work. They are doing us a favor.

Imagine the benefits to our society if we were to set up SAT testing centers around the world, and allow anyone, anywhere to take the SAT at no charge. Anyone make a 1200 (M/V) would move to the front of the immigration line. Those with 1300 and no criminal record or health problems would get automatic citizenship. Those with 1400 or above could be given a $10,000 resettlement bonus.

Let's improve the gene pool!

Anonymous said...

Actually the statue of liberty was built to celebrate the centennial of America. It had absolutely nothing to do with immigration. It was hijacked by the immigration lobby as a potent symbol to confuse and mislead Americans.

beta_plus said...

Oh damn, more law abiding and tax paying and non-welfare/entitlement collecting Dutch people in America. With hot blonde Dutch daughters. This is absolutely terrible.

Instead, let's let in more tax-avoiding and entitlement hogging Latin Americans who never come from the Latin American countries with hot women.

Anonymous said...

"Let's improve the gene pool!"

Why is that in an American's interest?

Anonymous said...

For those kind of people, US citizenship is a bad deal because of the bizarre US insistence on taxing citizens & green card holders who don't actually live in the country.

Bizarre? Seems like a healthy deterrent against precisely these kind of people.

Anonyia said...

"Imagine the benefits to our society if we were to set up SAT testing centers around the world, and allow anyone, anywhere to take the SAT at no charge. Anyone make a 1200 (M/V) would move to the front of the immigration line. Those with 1300 and no criminal record or health problems would get automatic citizenship. Those with 1400 or above could be given a $10,000 resettlement bonus."

In your scheme, what do native citizens get for 1200 + SAT scores? More student loan debts? If you want to "improve the gene pool" you should focus on targeting smart people who are already here, because there are plenty, and plenty of them are overlooked.

We don't need an imported overclass anymore than an imported underclass.

CJ said...

The Canadian Immigrant Investor Program mentioned by a previous poster was suspended last year. In 2010 the minimum requirements were doubled, to an $800,000 "loan" to the Canadian government and a net worth of $1,600,000 (yes, in Canadian $ but for those who have been hiding in a bunker that is now worth more than the US $).

Canada's immigrant investor program may be scrapped

What Canadians have learned, particularly in the Vancouver area, is that the immigration of rich people doesn't do that much for the existing population. They drive up the price of high-end real estate and luxury goods and don't do much in the way of generating jobs. They're not strivers, they're people who've already got a pile.

diddle said...

But, basic Econ 101 thinking like opportunity cost, supply and demand, and scarcity value is, for never explained reasons, verboten when thinking about the economics of immigration.

That's coz economists are just intellectual fig-leaves for moneyed interests. Economis is not real science anyway. In the 1950's traditional academics tried to prevent the establishment of economics departments at prestigious German universities. Their argument was that economics is empirical and not proper science. The only reason economics faculties exist is to give credibility to the propaganda machine which is what economics really is.
They do not see the costs of open border coz their masters do not want them to see them. That's why Steve Sailor gets to do the basic calculations for them.

Anonymous said...

International Jew said...

Selling citizenship to the highest bidder would be a great idea but I can improve on it: let American citizens also *sell* their citizenship.

I'd believe you if you really were OK with Israel doing that as well.

Maxwell Power said...

OK, I can say it: this program isn't as destructive as other immigration programs.

Restricting the franchise to English-speaking moneybags doesn't appear to dilute citizenship as much extending it to scofflaws and illiterate peasants. Or you are just doing some traditional complaining about rich foreigners.

Maybe the U.S.A. is on the verge of following all your many policy suggestions of national weekly SAT drills and school steroid testing, thus metamorphosing into another Singapore etc., but till then the more well-heeled immigrants could prove useful here and there

Maxwell Power said...

Anonymous said...
"Let's improve the gene pool!"

Why is that in an American's interest?

3/22/13, 9:21 PM


Well, don't look now, but Sailer's quoted it in slogan format before--the alternative to eugenics is dysgenics. Which is sort of a twist on either Gibbon or Jerry Brown I think

Hunsdon said...

Col Reb Sez: Let's improve the gene pool!

Hunsdon rejoins: And the cultural pool? I prefer an America where everyone knows the story of Robin Hood (King Richard, Prince John, Sheriff of Nottingham, Little John, Will Scarlett, Friar Tuck), things like that.

beta_plus said: Oh damn, more law abiding and tax paying and non-welfare/entitlement collecting Dutch people in America. With hot blonde Dutch daughters. This is absolutely terrible.

Hunsdon: Reading comprehension isn't really your bag, baby, is it? The WaPo focusses on the Dutch, buries the lede of "Oh yeah, most are Chinese."

Anonymous said...

"We don't need an imported overclass anymore than an imported underclass"

Correct.

Anon2 said...

Admitting immigrants just by SAT score won't work because of reversion toward the mean. If you limited eligibility to candidates from high-IQ ethnicities only you might do okay, but letting in the occasional statistical fluke from a low-IQ ethnicity will simply guarantee you a supply of resentful thugs and gun molls a few years down the road.

Eric Rasmusen said...

This actually makes economic sense, for reasons Steve should appreciate. There are two kinds of immigrants: those who on net benefit your current citizens, and those who do not. Roughly speaking, these correspond to rich and poor. The rich will pay more than their share of taxes and won't commit crime or let their houses get run down. The poor won't pay taxes and will commit lots of crime. The poor probably use more social services too, though that's a bit tough (think of the banker bailouts and social security).
What this law does is let in people with $500,000 in capital at a price of pretty much zero. As the post says, you get the standard US return on your money, and that's close enough to the world return not to matter. It is not at all clear that most of the people in the program would immigrate anyway. The auction might be a bust, with only a negative price clearing the 10,000 permits. That would happen even if there were 1,000 people willing to pay $10 million to immigrate and 500 willing to pay $200,000, so long as there weren't 10,000 willing to pay at least $0.
Here's an auction that would work better, I think. Each bidder bids an amount X. The highest 10,000 bidders win, and not only get to immigrate, but the privilege of paying $0 in taxes the rest of their lives. We impose a "reserve price": nobody can win with a bid of lower than $200,000.
We pretty much do this already with state incentives for business location. Come to think of it, why don't states do this to get doctors and investment bankers to immigrate? Oh: they do already-- no state income tax.
We do run the risk of becoming a nation with Saudi or Russian cultural norms of honesty and public-spiritedness, but, hey, that's a problem for our grandchildren, not us.
I'll let somebody else work out the politics of getting this through Congress...

Anonymous said...

Another case of globalism out of control. Other than the US, which nation would one say was most crucial to the success of globalism? For globalism to succeed, the 'creative' elites have to succeed. What made it possible? China? Did changes in China allow the globalist elites to kill many birds with one stone?

What were the advantages of China for the American globalist elites?
For one thing, it got rid of the pesky problem of American labor. American labor unions and worker demands gave American employers a big headache. Strikes, demands, endless negotiations. Also, blue collar workers tend to be less educated and less refined than white collar workers. They can be unruly, and increasingly there were blacks and 'white trash', who were problematic.
So, it woulda been a great boon to find labor elsewhere. Why China? Why not Latin America? It wasn't only that China offered cheaper wages and perhaps a better/more competent work force. There's a history of griping about 'American imperialismo' in Latin America, especially as most Latin American nations were ruled by anti-communist and/or rightwing regimes. So, if US moved a lot of its factories there, there might be lots of trouble with politics and publicity. Also, American intellectuals and media love to bitch endlessly about yankee imperialism and bring up United Fruit and Pinochet and all that crap. And since political situation was unstable in Latin America, all the investments made by Americans could be 'nationalized'.
Why not Africa? Lots of cheap labor there. Well... lots of thieves and morons too.
Middle East? Arabs would rather live on oil and not work... or ride their camels.

So, that left China, and it was a big prize indeed for many reasons. Endless cheap labor for US factories. Also, political stability so that American investments would be safe. And there would be far less dissent than there woulda been in Latin America. American companies in the US would rather deal with white collar workers and service workers. Service workers, for some reason, never develop the kind of prole solidarity mentality that factory workers have. Factory workers feel they are doing all the hard dirty work; they feel 'oppressed' unless they get their fair share. They feel both more sense of victim-hood and sense of pride in their work; after all, they MAKE stuff.

Anonymous said...

For this reason, Chinese made perfect workers. They were so poor and willing to work for a pittance. And the Chinese government made sure most of them stayed in line.
Another advantage was that China is officially communist or leftist. Thus, it was bound to come under less criticism by American intellectuals and liberal media than Latin nations run by 'rightwing' regimes. Generally, most liberal intellectuals are more offended by 1000s killed by a rightwing regime than millions killed by a leftwing regime. The idea is that leftwingers at least meant well.
There was a great deal of good will toward communist China among American progressives. And when reforms were happening in the 80s, many American liberals were happy to see that communism could reform itself and become more humane. Many libs cheered Gorby for the same reason.
So, even though China has largely moved away from communism, there's still a lingering image of China as built on leftist principles, and so, the rise of China is the triumph of a kind of progressivism.

If China had been rightwing or officially fascist, there would have been a far greater outcry about US companies investing so much there. So, paradoxically, US globalist capitalist companies hit the biggest jackpot by working with an officially communist country. They made great profits and were also shielded from overt criticism since they were working with a communist nation. It's like progressives have no problem with capitalist nations that do business with communist Cuba.

Lurker said...

Diddle - The only reason economics faculties exist is to give credibility to the propaganda machine which is what economics really is.

Ive never seen it put better. Wish I'd known that before I took my Economics degree.

Anonymous said...

" They made great profits and were also shielded from overt criticism since they were working with a communist nation. It's like progressives have no problem with capitalist nations that do business with communist Cuba."

The businesses can also say we are bringing capitalism to them to block criticism.

Maybe it's capitalism that will be the end of the West.

Both corporations and people on the left support diversity and open borders.




Warda Khan said...

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