Tuesday, January 3

Latin America: Fight American imperialism, but keep sending dollars.

I can't say that these immigrant dollars are coming from illegal immigrants. And I don't see a problem withMexican ex-pats contributing to the development of their home towns per say. But this quote from IconCulture points to the root of US immigration problem--broken Latin American economies and corrupt or lazy governments that refuse to correct the problem.
Tenango, a rural Mexican town, built its electrical grid through a government program called Tres por Uno (Three for One). For every dollar immigrants in the U.S. contributed, the Mexican government threw in three - funding some 1,436 similar projects in the country in 2004. NEWSDAY 12.4.05
What is clear, though, is that Mexico (and many other Latin American countries) continues to rely on the U.S. economy as a crutch for their own failures and refusal to accept that socialism does not work. That is the problem.

The mass movement of labor from third world countries to the United States is a clear demonstration of the function of supply and demand, and clear proof of how well Capitalism works. We can talk all we want about the people immigrating, but the bottom line is that Central and South America continue to implement disastrous economic policies that continue to hold back Latin America's economies. To top it off, we now have socialist administrations in Venezuela, Bolivia, and Brazil. This means a continued real estate bubble in Miami, and more unemployment in their countries, as the rich take out their money and bring it to Miami for safekeeping.

Why is that Latin America can't seem to get the message that centralized controlled economy does not work. So what do they do? Hate America, talk about the US' cultural or economic imperialism, while encouraging immigrants to send money back!

They use this influx of dollars to prop up their failing economies, and it gives them a way to deal with unemployment, corruption, and bureaucracy that discourages entrepreneurship. They are unable to sustain a business environment that provides for the employment of their populations, so they just send them our way! I want to hear our Administration call Latin America on their economic problems, because its OUR problem too! Stop lending out money, stop forgiving debts, and start holding these countries' governments accountable for the aid we give them. Maybe then we can see some real reform that will encourage Latinos to stay or return in their home countries.