Say ciao to familiar faces as motivated migrants reshape old identities
And the tradition continued down through the centuries. People met on corners, climbed onto soapboxes in parks, assembled in their thousands to protest about wars and celebrate the arrival of a new year. The great suffragette Emmeline Pankhurst met secretly to form "The Bodyguard" - 25 ju-jitsu trained women charged with protecting the suffragettes at their rallies across Britain. "Too right," Louise says, "and now we have a female PM, GG and goal umpires."
And speaking of football, who conferences more than a footy club - they can't keep away from themselves, huddling as they do around bars, running the Kokoda trail, even knocking their own heads together in the middle of a field with 50,000 people watching and wishing they would just get on with it. I've often wondered what they could have forgotten in the last 15 minutes of play. Yet conferences have their place it seems.
My conference this week has been in Rome and the first thing I noticed was it was filled with Romans ... and very small motor cars. I don't know if you've ever had to push your way down a Roman street, but if you have, you will understand why the smallest Fiat is called Bambino.
It's like a birthing experience to be squeezed through what we would call back streets, to arrive at the Trevi Fountain where Romans have been turning their backs on the wonderful centrepiece and throwing coins into the water over their shoulder for donkeys' years.
Apart from this all being a great metaphor for Italian financial management, I just can't work out why it's not piled high with cash.
Oh well, just another one of those Italian economic mysteries attempting to be a miracle. Not even Charlie, our finance oracle who is travelling with me, can work this one out.
Meantime, our Australian economy is booming, relative to the rest of the world, and part of the reason for this has been the great waves of migration that have established our remarkably diverse and harmonious population. Over decades now, perhaps our hardest, most motivated workers and entrepreneurs have been "new arrivals" who have gone on to become distinguished Australians in so many walks of life - many of them from Italy. Sir James Gobbo comes to mind in the hall of migrant fame - a celebration of what opportunity really means.
My mate George Megalogenis, the author of that great book The Australian Moment gave me this amazing set of facts about how the global mixing of peoples is changing the world dramatically, both here and other countries.
George's research of the 2011 census showed 26 per cent of Australians were born overseas and another 20 per cent have at least one parent who was an immigrant. Add another 2 per cent for indigenous Australians and exactly half the country has a world view that extends beyond the old Australian mainstream.
And in Sydney, the Chinese-born now outnumber the British.
The story is similar in Brisbane, except it's the Kiwis who outnumber those born in England, and are tied with everyone from the British Isles.
It's nonsense to cling to ideas of past and fixed identity.
Our economic, social and cultural future will be driven by the changing face of people around the globe. How else would the US have become great? Even the Vatican sees the importance of selecting an Argentinian to lead its 1.2 billion flock.
They say Rome was not built in a day, well time and space are shrinking even quicker in a world where almost anyone can get to anywhere in a tinny with an outboard motor.
The lesson is diversity is inescapable ... and it works.
Frequently Asked Questions about this Article…
The article says Australia’s relative economic strength is partly due to waves of migration that built a diverse, motivated workforce and entrepreneurial community. For everyday investors, that suggests demographic diversity is a structural driver of long‑term economic resilience and opportunity — something to watch when assessing macro trends and long‑term investment themes.
According to the article’s reference to George Megalogenis’ research of the 2011 census, 26% of Australians were born overseas and a further 20% have at least one parent who was an immigrant. Add about 2% for indigenous Australians and roughly half the country has a world view extending beyond the old Australian mainstream — a useful fact for investors tracking demographic change.
The article highlights that in Sydney the Chinese‑born population now outnumbers those born in Britain. In Brisbane, New Zealand‑born people outnumber those born in England and are tied with others from the British Isles. These city‑level shifts illustrate how local demographics can change the economic and cultural landscape.
The article mentions Sir James Gobbo as an example of a successful migrant who became a distinguished Australian, and George Megalogenis as the author/researcher (author of The Australian Moment) whose analysis of the 2011 census provided many of the migration statistics cited.
The author argues that the economic, social and cultural future is driven by changing global populations — migration and mixing of peoples. Investors should care because demographic diversity can influence labour supply, entrepreneurship, consumer preferences and long‑term growth patterns, all of which affect investment environments.
The article’s author notes that, while conferences can be a 'necessary evil', they’re often the best way to get everyone aligned about what’s happening and what to do next. For investors, attending or following trusted conferences and firsthand reporting can help clarify macro trends like migration and demographic change.
Yes. The article points to the United States as a historic example of success driven by global mixing of peoples and even mentions the Vatican selecting an Argentinian pope as symbolic of global influence. These examples reinforce the article’s theme that migration reshapes identities and institutions worldwide.
The practical takeaway is to recognise demographic change as a major, ongoing driver of Australia’s economy — one that supports entrepreneurship and a broader global outlook. Everyday investors should stay informed about census data and demographic research, and consider how long‑term shifts in population and diversity might influence economic growth and investment opportunities.

