Mexico: The Other Side of the Wall

Midterm Results  Let’s review the results of the Mexican mid-terms: some slippage in Morena’s majority in the Chamber of Deputies.  Morena and its coalition partners will still have a majority, but not an absolute majority, so it will be difficult for AMLO to revise the Mexican constitution in order to reverse the privatization of the energy sector that was carried out in the previous institution.  This is important because AMLO views the revitalization of Mexico’s state owned oil corporation, PEMEX, as a basis for strengthening the state in Mexico and generating higher levels of economic growth. So one preliminary point to make about the elections is that they do not favor a dramatic renewal of resource nationalism in Mexico.   The other important constitutional option that now seems foreclosed is to revamp Mexico independent political institutes.  Chief among these is the Instituto Nacional Electoral which is in charge of impartially administering electio...

  AMLO:  This is a new Mexico, the money that the poor are receiving is their money, and the resentments of the middle classes and the upper middle classes reflect the fact that they are egotists and “aspiracionalista”, which makes sense of the election results. The key point here is that the interests of the professional middle classes are in conflict with those of the poor and this is the central conflict that is inscribed into AMLO’s republican austerity budgets.  Just like magic, the overwhelming power of Mexico’s richest families disappears from the equation or is simply baked into the cake of Republic  austerity.  https://twitter.com/hdemauleon/status/1403424489778696202