What Multiculturalism Hides

In this mailing: - Jan Keller: What Multiculturalism Hides - A. Z. Mohamed: Saudi Arabia: Challenges for "Vision 2030" [] [What Multiculturalism Hides]( by Jan Keller • October 16, 2018 at 5:00 am [Facebook]( [Twitter]( [Addthis]( [Send]( [Print]( - The policy of multiculturalism, which emphasizes the benefits of cultural diversity for society and the state, is an example of the exploitation of others based on a fantasy of virtue. Those at whom the sweet talk of multiculturalism is aimed, can see that it has done nothing to improve their lot, and are now realizing that their future is bleak. - If we bring in highly qualified immigrants to our workforce, we would be taking away from poorer countries the best they have to offer, and the situation in those countries will further deteriorate. The result will be an even greater flow of unskilled migrants escaping those countries. - The proponents of the new multiculturalism want to share their welfare states with masses of refugees who -- through no fault of their own -- will be unable to participate in financing themselves for a long time to come. (Image source: iStock) Multiculturalism is not a manifestation of Europe's generosity, or some noble embodiment of love and truth. Multiculturalism is what remains after mass migration reveals itself as a threat, rather than a benefit, to the economies of European countries. Take, for instance, the example of France. After the Second World War, when France underwent a boom of economic growth, waves of migration were viewed favorably: there were many job opportunities for unskilled and medium-skilled laborers, and the native French population aspired to work in the tertiary sector, which offered more qualified, better-paid jobs. From the end of the war until the mid-1970s, foreign workers tended to come to France temporarily, without their families, and return to their countries of origin. These workers were generally recruited from former French colonies to do menial and low-paying jobs -- not in order to enrich the culture of the host country. [Continue Reading Article]( [] [Saudi Arabia: Challenges for "Vision 2030"]( by A. Z. Mohamed • October 16, 2018 at 4:00 am [Facebook]( [Twitter]( [Addthis]( [Send]( [Print]( - To execute the IPO of Saudi Aramco in a successful and timely way, the Saudi government needs to deal appropriately with definite issues. - These include claims that Saudi Aramco has been overvalued by Saudis; "concerns about minority shareholder rights, the transparency of oil reserves," and "how the Saudi government will balance national interests and its duty to shareholders" ; meeting the New York Stock Exchange's stringent transparency standards; and the possibility that a New York listing places the IPO at risk of being seized in lawsuits claiming Saudi Arabia's involvement in 9/11 attacks. Saudi Arabia's Vision 2030, the strategic plan of Crown Prince Mohammed bin Salman to boost the kingdom's economy, is facing a major challenge. (Photo by Kevin Dietsch-Pool/Getty Images) Saudi Arabia's Vision 2030, the strategic plan of Crown Prince Mohammed bin Salman (MBS) to boost the kingdom's economy, is facing a major challenge. Its cornerstone -- the opening up of the state-owned oil company Saudi Aramco to outside investors -- is possibly being postponed by at least a year, to 2021. Since early 2016, the Saudi government, Aramco's sole shareholder, has been working to place up to 5 percent of Aramco on the stock market. In October 2017, MBS told Reuters that Aramco's IPO was on track for 2018, and that it could be valued at more than $2 trillion. In an interview in Washington, DC in March 2018, Saudi Arabian Energy Minister Khalid al-Falih said, "We have prepared all documentation to be ready to do both domestic and international listings." He added, however, that the kingdom needed to be sure whether "this [is] an optimum time to execute." [Continue Reading Article]( [Facebook]( [Twitter]( [RSS]( [Donate]( Copyright © Gatestone Institute, All rights reserved. You are subscribed to this list as {EMAIL} You can change how you receive these emails: [Update your subscription preferences]( or [Unsubscribe from this list]( [Gatestone Institute]() 14 East 60 St., Suite 705, New York, NY 10022