chrislbecker.com

The Portuguese economy is a mess. Increasing government intervention and control of the economy has crushed the productivity and dynamism of the private sector. Now the bills for all the government debt financed welfare spending are coming due, and with fewer productive people to tax, the economic crisis will only get worse.

It is so bad the Portuguese prime minister has already told the youth of Portugal to leave for the colonies to find work.

The inflow of Portuguese immigrants to Mozambique is already in full swing, and “around 25,000 Portuguese live in Mozambique — most in Maputo. Arrivals have increased over the past two years and the Portuguese consulate now registers 100 newcomers a month, though not everyone bothers to sign in. Portuguese airline TAP doubled its flights from Lisbon to Maputo this year to meet the demand,” reports gulfnews.

Expect this trend to continue. People from all over Europe will continue to leave in drones. It will be hugely beneficial to the former colonies if they can attract this talent, capital, and technical know-how.