Refugee crisis
'just precursor' to much bigger event, Collapse in oil prices could bring historic shift in
populations, by Leo Hohmann, 1/18/16
The founder of the World
Economic Forum, which will hold its annual meeting this weekend in Davos,
Switzerland, is predicting that falling oil prices could worsen the migrant
crisis and bring chaos to Europe.
“Look how many countries
in Africa depend for their income from oil exports,” Klaus Schwab told
Bloomberg News. “Now just imagine 1
billion inhabitants. Imagine they all move north.
“So it could be that the
present refugee problem we have in Europe is just the precursor of what could
come if you add in addition a possible water crisis,” he continued. “So I’m
very concerned that the lowering of commodity prices leads to substantial
social breakdown in a number of countries.” Schwab also said the
Federal Reserve and other elite decision makers are moving in “uncharted
territory.”
The theme of this year’s
conference, set for Jan. 20-23 in Davos, is “The Fourth Industrial Revolution”
as the world prepares to deal with mass replacement of human labor with robots
and other technology. A net decrease of 5 million jobs will be lost to to
robots by 2020, according to a WEF
study released Jan. 18.
Schwab said leaders
should not underestimate the impact of lower commodity prices or the
vulnerability of some countries to foreign-exchange exposure.
“I’m positive for the
developed world but I would foresee the potential for quite substantial shocks,”
he said.
"You're seeing
uncharted territory. We don't know. We make a decision, but we don't know
actually what the consequences are. I would say we are living in times of
unexpected consequences. Whatever your decision, you don't know exactly what
will happen. So we are not completely in control of what is happening, and this
leads also to the erosion of trust toward decision makers."
'Very concerned about
final impact'
The refugee crisis, if
not dealt with wisely, has the potential to bring chaos and unimaginable change
to Europe, Schwab said.
"I think we
probably have to redefine the word 'refugee' to make sure those who are really
in need find the necessary protection, but certainly we have to look what to do
with those who are more economic refugees. I do not have a recipe," he
said. "But I know we have to protect those … it's one of our European
values. This is having a heart for other people. I am torn myself. Because I
would like to help those people as much as possible. On the other hand, I am
very concerned what the final impact on populations will be."
German Chancellor Angela
Merkel said over the weekend she feared the refugee crisis will "tear the
European Union apart," according to the
Huffington Post, and she blamed
nationalist attitudes for the fissures in German society. The crisis is
jeopardizing "the very core of the European Union," added the EU's
migration commissioner.
Merkel's government has
already welcomed 1.1 million migrants from the Middle East and Africa.
Her popularity has
plummeted as a result, as Germany has been hit by a historic crime wave. Muslim
refugees perpetrated hundreds of sexual assaults on German women at New Year's
Eve parties in Cologne.
Merkel, facing a
backlash not just from "far right" opponents but from her supporters
as well, called Europe "vulnerable" and the fate of the euro
"directly linked" to resolving the migrant crisis –
"highlighting the risk of at the very least serious economic turbulence if
not a formal dismantling of E.U. institutions," according to Huffington
Post.
German warnings
Germans are also getting
little help from E.U. co-founder France, whose leaders fear a rising
anti-immigrant National Front, or from Britain, which is embroiled in its own
debate on whether to quit the E.U. altogether.
Efforts to engage
Turkey's help have proved unfruitful as Istanbul has shown little interest in
preventing migrants from reaching Europe. German and E.U. officials are warning
that without a sharp drop in migrant arrivals or a big increase in help from
other E.U. nation-states, Germany could shut its borders.
With Merkel's
conservative allies in Bavaria demanding she halt the mainly Muslim refugees
ahead of regional elections in March, her finance minister delivered a veiled
threat to E.U. counterparts of what that could mean for them.
"Many think this is
a German problem," Wolfgang Schaeuble said in meetings with fellow E.U.
finance ministers in Brussels. "But if Germany does what everyone expects,
then we'll see that it's not a German problem – but a European one."
Watch
Bloomberg’s interview with Klaus Schwab:
http://www.wnd.com/2016/01/refugee-crisis-just-precursor-to-much-bigger-event/
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