Abul Rizvi admits immigration is a ‘Ponzi scheme’

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Former immigration department bureaucrat turned influencer, Abul Rizvi, was interviewed this month by Joseph Walker.

In the interview, Rizvi said the quiet part out loud and explicitly admitted that slowing population ageing comprised about “80%” of the motivation for the 2001 changes, which massively increased Australia’s intake of migrants, especially international students.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.