Mr. Faux got it right: NAFTA just didnt work. Great article, BTW.
Middle class thriving? I am sorry, but I just don't see that. I just see people who are deep in debt trying to mantain a facade via their credit cards. People discontented and living for the day. Small and middle-sized businesses closing, unemployment rising.
Want an accurate economic X-ray? Check out how the percentage of unpayable debt in credit cards has risen. The middle class (what remains of it) is in deep debt. The number of millions of poor people just rose. Check the latest census (past two years) just given out by INEGI and Ceneval.
Narcos only in the north of Mexico? Look again. Narcos are all over the country. In Michoacan (south) , in Durango (center), in Chihuahua (north), etc. If I may add, this war against narcos that Calderon has embarked us into and that has lasted over three years with over 13 thousand casualties (more than Iraq) should never have taken place in our soil, since the main consumers are on the other side of the border.
Global market was a fiasco. Dump prices and protectionism were very real. We need to close up, rebuild inside, create the needed jobs in our respective countries, and then, when things are stable again, try again the global market thing with different rules.
Monterrey, Nuevo Leon, Mexico
Aug 7 2009 - 1:14am