In 2016, two seismic political events revealed a global crisis: Britain voted for Brexit, and the U.S. elected a president who promised a border wall. Both campaigns blamed immigrants for economic woes, igniting xenophobic policies worldwide. Yet this narrative is dangerously flawed. The real culprit behind stagnant wages and job losses isn’t immigration—it’s unregulated capitalism, where multinational corporations (MNCs) prioritize profits over people while governments fail to rein them in. This article dismantles the xenophobic myth and exposes how: MNCs exploit weak labor/environmental laws in developing nations, killing jobs in the West Social democracies (e.g., Scandinavia) prove regulated markets outperform extreme capitalism Historical amnesia blinds nations to immigration’s role in their success Part 1: The Immigration Fallacy 1. The Hypocrisy of Wealthy Nations U.S./Australia/Canada: Built by immigrants; 40% of Fortune 500 companies founded by immigrants or their children (For...
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