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Blackrock’s Larry Fink is badly upsetting the Aussie applecart at Davos.
Larry Fink, CEO of @BlackRock, says developed nations with “xenophobic” immigration policies are going to have a higher standard of living than ever before.
Non-xenophobic countries are going to have social problems with their new 3rd world immigrants. pic.twitter.com/XkDvBgFUsY
— National Conservative (@NatCon2022) January 15, 2025
Check out where AI is expected to impact jobs most.
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That is most of the fat and slow Aussie economy!
The Australian dark age of immigration-led growth, productivity wipeout and falling living standards is on a high-speed collision course with global capital.
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Thank Christ!
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.