The Case of Mexico III: A New Neo-Colonisation
By Alvaro J. de Regil
The purpose of the essay is to show how the lack of democracy allowed a corrupt government to govern the fifteenth-largest economy in the world for the benefit of its partners -the owners of both foreign and domestic capital- imposing an economic ethos that is ideal for them to thrive whilst impoverishing the majority of the Mexican population and placing it in one of the worst social conditions experienced throughout the history of Mexico. The author begins by stating that the last three administrations of the PRI concentrated exclusively on staying in power by protecting the interests of the local oligarchic class and the international centres of economic power while completely abandoning their most basic responsibility. In this way, he then discusses the current dire economic situation, emphasizing the dramatic deterioration of real wages.
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