Insanity? No. Just politicians who know what side their bread is buttered on. Both political parties are in bed with big business--and one of them also has AFL-CIO on its side, which is just starving for more union workers (proving that neither organization ever really cared about labor).
James George Jatras once wrote, "It is hardly a surprise that businessmen who would sell their grandmothers to Abu Abulbul Amir for oil drilling rights see the world as a reflection of the bottom line." That's a worldview that sounds scarily close to Marxism--and yetour government officials promote it in the guise of "free enterprise." Of course, in the end, even they won't be able to buy their way out of the trouble. Just imagine the shock on their faces ten years from now when their vast corporate empires collapse in the midst of a civil war and they learn the hard lesson that multiculturalism doesn't work.
I see the future unfolding in a similar way. When I say Insanity it is to your above to which I refer. Perhaps "pure unmitigated greed" is a better description.