Thursday, February 19, 2009

Is Mexico On The Verge Of Civil War As It Careens Out Of Control?

We have talked about the perpetual corruption and income disparity in Mexico. And, its Gini coefficient rank. It was just a few years ago some very ridiculous notions were being forwarded by many that Mexico was a stable currency in lieu of the dollar. Well, any stability in Mexico is because of regular U.S. bailouts, the maquiladora programs and Mexican-American citizens & illegal workers in the U.S. sending money to their families. Ironically all of these were subsidized by American taxpayers. Were it not for these facts, Mexico's puppet government would have fallen decades ago and the sovereign may have had a greater voice in their economic future. The U.S. policy of having a stable neighbor on its border has perpetuated the squalor and repression in Mexico even if policy was well-intended. The law of unintended consequences associated with meddling are often felt years or even decades later. Hmm...I think that sounds vaguely familiar to a few other circumstances we are dealing with in the U.S. economy as well.

Is there a person on this earth would wouldn't risk life and limb to cross the U.S. border in search of a better life for their family given these dynamics? I would. About five families in Mexico control the preponderance of its wealth and its caste system leads to chronic repression. Reform is nearly impossible with such concentration of power. That is, without civil disobedience. Indeed, this recent spate of chaos and lawlessness is rooted in years of repression and corruption.
posted by TimingLogic at 7:04 AM