Capitalism and Immigration

A capitalist country warmly welcomes all rights-respecting individuals regardless of color, religion, sex, nationality, creed, race, etc.

A capitalist country warmly welcomes all rights-respecting individuals regardless of color, religion, sex, nationality, creed, race, etc. The sentiment is expressed in “The New Colossus” a sonnet by American poet Emma Lazarus inscribed on the statue of liberty:

“Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!”

Under capitalism, immigration is an asset, as the human mind is the ultimate resource: the more people, the larger the market, the greater the possibilities for the division of labor.

The larger the population in a capitalist country, the more specialization is possible, and the greater the benefits from the division of labor (see Immigration and Individual Rights and Immigration Quotas vs. Individual Rights. Note that a later revised version of the second article, published elsewhere, advocates ‘open borders’ — essentially no borders — which this site does not agree with).

Contrast this to socialism, tribalism, and other forms of collectivism, where every additional mouth to feed is a drain on the welfare state’s dwindling resources and ever-shrinking pie (see Immigration and the Welfare State).

The immigration of people into a capitalist country is not a drain on a government’s fiscal budget (and by extension taxpayers), as it is in the American welfare state of today, as there is no government welfare in a capitalist society (only private charity).

However, America is not a purely capitalist country but is a “mixed economy” with a welfare state which economically pits home-grown parasites against foreign ones for a piece of the unearned, welfare pie.

 

Capitalism FAQ

Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).

 

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