When history repeats itself, it is rarely gentle. Today, as in the era of colonialism, tens of thousands of ambitious young people from Europe’s periphery are escaping the old continent in search of better opportunities in America, Africa, and Asia. But, unlike in the colonial era, the human outflows are not compensated by inflows of natural resources or precious metals. European emigrants used to contribute to the glory of their homelands; now, their exodus is contributing to Europe’s decline.
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