Refugee markets in everything

The annual report in 2013 from a multibillion-dollar London private-equity firm that counts a French pastry baker and a Dutch shoemaker among its holdings touted a new opportunity with “promising organic and acquisitive growth potential.”

That investment was the management of refugee camps.

“The margins are very low,” said Willy Koch, the retired founder of the Swiss company, ORS Service AG, which runs a camp in Austria that overflowed this summer with migrants who crossed from the Balkans and Hungary. “One of the keys is, certainly, volume.”

The WSJ story is here, or maybe here.  And here is a related business:

In Sweden, the government paid a language-analysis firm $900,000 last year to verify asylum-seekers’ claims of where they were from.

Look for more stories along these lines.  Hat tip goes to Hugo Lindgren.


Why no comments yet?

I will start the spheroid rotating by saying that Australia pays its asylum seekers on some island off AU very well it seems, even giving them spacious rooms with big-screen TVs, apparently in a bid to assuage Aussie guilt over not letting them into the country... that from an Aussie here in the Philippines. Now let me Google this story to see if the Aussie is correct. ...well, it seems he is correct, the keywords being "Manus and Nauru", since no evidence of bad living conditions, just alleged violations of due process (asylum seeker sent back to their home country where they might be tortured). Also this company makes good coin from running an Aussie immigration detention centre: " Australian detention centre profits propping up UK's Serco - Immigration contract is insulating UK outsourcing company, whose shares have collapsed over losses from other contracts" ...but losing money outside of Australia.

If you're looking for outsize returns, the Spectator tells me human smuggling is where it's at.

"I visited the coastal city of Zuwara, where I met Zouhar, a 23-year old from an impoverished background who was now making $200,000 per month. Zouhar's syndicate send one shipment per week, mainly Syrians witha few Palestinians and Tunisians, earning $185,000 per trip." [But ... what is the marginal tax rate? eh?] "It is a low risk business: ..."

(Kim Sengupta, "Who's running Libya?", Spectator 15 Aug 2015, p.14)

Some other numbers to consider: Cities pay about 12€ (16€ in munich) per day and refugee to catering services to provide food for refugees. In Lebanon there is a budget of $15 per month and refugee.

Put it in the "refugees" debit column.

Which is why it's better for refugees to get refuge outside the First World. More people can be helped. Hey maybe they could get farm land in Zimbabwe now that Mugabe wants White farmers to come back.

In Denmark a newspaper has asked their readers to donate close to 1000 danish kroner. The money would be spend on syrian migrant children in Denmark, so that they could play soccer for a year.

At the same time Red Cross an other organisations are asking people to donate money. For 1000 danish kroner, they claim that you could give one syrian family shelter for a year i the middle east.

One kid gets soccer practice for a year = One family gets a nice shelter in a refugee camp.

Apparently it is a hard call for most politicians and journalist, how we should spend the money.....

Do tell us more about your experience with shelters in refugee camps that has led you to describe them as nice.

I notice a curious situation on the WSJ article: "Changing faces, percentage of the population that is foreign born". I checked the numbers for Germany and I'm not sure what the WSJ does considering Jus Soli does not exist over there.

There is people with German citizenship with foreign background and there are foreign nationals that hold other country citizenship. In the group of German citizens with foreign background either the father, mother or child where born somewhere else. However, despite the foreign background the person holds German citizenship. Once you look at the 2014 numbers the group of German citizens with a foreign background is 20.2% of the population and the foreign nationals (that hold other country citizenship) is 10.1%.

What's the meaning of the 13.4% of foreign born reported by the WSJ? A) 13.4% of "foreigners" makes a more interesting story that 10.1% of "foreigners", B) The article editor is not aware of the differences of Jus Soli and Jus Sang.


"Capitalism and Freedom"

"Government Contracts and Externalities" not catchy enough for you?

we hebben niet met 1-6 maar met 1-8 venolreren dat pakken we hun dan terug, als wuij dan weer tegen hun moeten spellenwij uit tegen hun thuis. Daar kunnen wij er op gaan vertrouwen op dat momment,dat zou gert en lia ook zeggen gr van stefan

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