Global Mobility Corridors for the Ultra-Rich.
The Neoliberal Transformation of Citizenship
Roxana Barbulescu
The problem with investment citizenship ain’t that it is for sale, the problem
is global inequality. Citizenship-by-investment schemes do not themselves
produce injustice but they are unjust because they build on pre-existing
large disparities in the world: If all countries were equal in living conditions
would the scheme be objectionable? If the answer is no, as I think it is, then
the source of injustice is global inequality rather than policies that do not
themselves produce injustice.
In the real world, however, citizenship-by-investment together with similar schemes for residence opens global mobility corridors for the ultra-rich.
In what follows I discuss how investor citizenship impacts on international
migration and how it alters the institution of citizenship. I end by calling for
more systematic analysis of the political conditions under which this transformation of citizenship has come about.
From an international migration perspective citizenship-by-investment is
a means for opening borders, even if only for very few affluent individuals
(and their families). In abstract terms, the logic is the same as with the different competitive schemes for high-skilled migrants. The latter use talent,
reputation, skill, work experience, previous salary and even age as proxies
for admitting only those who can make an important contribution1. So do
investors through their investments. The two schemes are also similar in
their consequences: they both immobilise the less well-off individuals. The
twin phenomena of global competition for the worlds’ best and brightest and
for the richest correspond to the nationalisation of poverty and the confinement of less well-off citizens within their national borders. For me, this
indicates that the questions the scheme raises are indeed about global social
justice and it is this problem on which states need to focus their efforts.
1
Shachar, A. (2006), ‘The Race for Talent: Highly Skilled Migrants and
Competitive Immigration Regimes’, New York University Law Review 81 (1):
148–206.
© The Author(s) 2018
R. Bauböck (ed.), Debating Transformations of National Citizenship,
IMISCOE Research Series,
https://doi.org/10.1007/978-3-319-92719-0_6
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