Mexico has no legitimate reason to be a third world country. They have an abundance of natural resources, the elite class has tons of money. They laugh at us because we take their poor off of their hands. If this does happen it might bring big changes to that country. Though the changes wouldn’t be that noticeable to most because the money people see no need for things like good roads, reliable utilities, etc. for the masses. To me it sounds like it could just be a plan to do the largest money laundering deal ever. I am just thinking this multi- billionaire has to be getting something out of this deal.
I know Mexico very well. If I really want to, I could have coffee with Carlos Slim next week. But I have no need to.
You would be surprised how Mexico has a leadership vacuum. They are such a close reflection of the USA I look at them as little brothers. They try so hard and they mimic Americans so much in everything from highway construction, to their crazy whimsical tax code, to their shopping malls. Even in their sale of insurance they copy the USA. AIG has trained many of them. Banking? Banamex is Citibank.
And they are sincerely trying to clean up their water and sewage and all that. But there’s no real force of leadership because so much corruption is generational and ‘normal’.
But American marketing and manufacturing has penetrated so much of the culture in Mexico that they just try as they may to copy it and absorb it.
They try so hard to be like the USA. They even refer to themselves as the United States of Mexico and view themselves as Americans.
But are their billionaires so smart to effect a global power shift on a silver scheme? No.
Many of their billionaires have lost huge in investment schemes and grand ideas. Their resorts make some good revenue but it was USA know-how that designed many if not most of the successful Cancun resorts. And the water in Cancun is pretty good, why is that? American know-how again.
Can they do without America? Yes, but difficult. They can contract with Germans to purify their water but it doesn’t make much business sense in the final analysis. And they don’t care for the Chinese much. So Americano gringos are it for now and for a long time to come, as long as there aren’t too many Obamas along the way.
Imagine what this country would look like if we dumped our bottom 10% of the socio-economic scale on Canada every year.
Mexico is poor because Mexico is a corrupt Marxist kakistocracy. The Mexican revolution 1910-1920 was an atrocity, and the bad guys won.