This is what happens when your country doesn't have a sufficiently well-developed middle class:
The country’s Federal Competition Commission is looking into Mr. [Carlos] Slim’s
companies. But the agency is outspent and outmanned by Mr. Slim. His
companies “spend more on a single case than our entire annual budget,”
said an official at the commission, who insisted on anonymity because
he was not authorized to speak publicly about agency matters.
Here is the full story.
I also recommend they don’t pull the mask off the old lone ranger.
Should we blame the rush to enter NAFTA for the express privatizations and the total disregard for creating regulatory agencies with real tools to accomplish their tasks? With the advent of democratization, Congress has become permeable to organized interests, both powerful private firms and public sector unions. Now, it seems too late to make things right. Maybe the U.S. financial crisis will push the Mexican economy to the brink, forcing politicians to react.
Ooops, it’s the U.S. drug market demand that drives supply. We’re in this together.
This is what happens when your country doesn’t have a sufficiently well-developed middle class:
One must give Tyler Cowen his due, chutzpah he got in spades.
For decades he argues for policies designed to destroy middle class in this country ( and replace native population as a desirable side effect).
But in Mexico (infinitely small) middle class is a problem.
Go figure.
Seriously though, is bringing in Slim a shrewd move for NYT, or one that reeks of desperation? I swear, topsy-turvy doesn’t even begin to describe which parties are shacking up together these days.
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