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Australia’s Population Ponzi Scheme by Kelvin Thomson

The article "Australia’s Population Ponzi Scheme" by Kelvin Thomson argues that Australia's economic strategy, reliant on increasing GDP through migration, functions like a Ponzi scheme. The rapid population growth due to high migration rates is said to harm the environment, with falling wildlife populations. Economic benefits claimed by proponents are contested, as previous eras of protectionist policies saw better economic and social outcomes. The author criticizes the reliance on migration to maintain economic growth, pointing to issues like job insecurity, high housing costs, and stalled wage growth. The piece suggests a return to policies fostering self-sufficiency and high wages to avoid future collapses caused by current policies. Kelvin Thomson is a former member of Australia's Federal Parliament, serving over 20 years with the Labor Party before retiring in 2016. Narrated by William Laing. Published 28 October 2020 on Quillette.com https://quillette.com/2020/10/28/aust... #AustraliaPopulation #MigrationPolicy #EnvironmentalImpact #EconomicPolicy #PopulationGrowth #Sustainability #EconomicChallenges #KelvinThomson #WildlifeConservation #HousingCrisis ------ Quillette is an Australian-based online magazine that focuses on long-form analysis and cultural commentary. It is politically non-partisan, but relies on reason, science, and humanism as its guiding values. Quillette was founded in 2015 by Australian writer Claire Lehmann. It is a platform for free thought and a space for open discussion and debate on a wide range of topics, including politics, culture, science, and technology. Quillette has gained attention for publishing articles and essays that challenge modern orthodoxy on a variety of topics, including gender and sexuality, race and identity politics, and free speech and censorship. --- Quillette's revenue comes from our readers. We are a grassroots organisation that relies on voluntary subscriptions and community membership as our primary revenue stream. Support Quillette by becoming a subscriber: https://quillette.com/#/portal/signup Or donate send us a one-off tip: https://quillette.com/#/portal/support We made our website using Ghost, a powerful app for new-media creators to publish, share, and grow a business around their content. It comes with modern tools to build a website, publish content, send newsletters & offer paid subscriptions to members. Try it here: https://ghost.org/?via=claire91