NeoLiberalism has been openly accused of failing to deliver on its loud predictions by the new Mexican president, with his promises to reverse practices which divided society and left a small section ultra rich, with the majority behind in poverty.
Just as it happened 50 years ago when the French people revolted against its national government and Mexico suffered a similar insurrection by its population right before the international Olympic Games, a sort of global series of movements in Japan, the US and other countries followed the infection demonstrating against their own political leaderships.
Three decades of neoliberalism in Mexico: the destruction of society
. "The privatization of social benefits and services requires state subsidies and allows the privatization of profits and the socialization of losses"
However pointed was his first speech, AMLO hardly mentioned
the just signed NAFTA agreement with USA and Canada which Trump is not keen on, and could give AMLO the opportunity to change negative conditions during the acceptance congress debates.
While Trump and AMLO are opposites in their political ideologies, they share their nationalism to their benefit and it's showing in AMLO's project to create a 25 Km strip of Mexico all along the northen border with USA to lower taxes to attract national and international investment to create jobs, plus doubling the minimum wage in that zone to offer an incentive for Mexicans and central Americans to forgo jumping the border.
In fact already 12 billion dollars are earmarked for the project with the US pledging to pay for a third of it.
AMLO and Trump are phoning each other some times for long conversations which is a good sign for both countries, and perhaps also for direct investment in the rest of Central American countries at the urging of AMLO.
Mexico Readies for Revolt Against Neoliberalism
Their likely next president has been compared to Hugo Chavez but he actually has much in common with Donald Trump.
By Michael J. Ard • June 21, 2018 (The American Conservative)
Like a Dos Equis ad, Mexico is “keeping it interesante.” On July 1, Andres Manuel Lopez Obrador, the veteran left-wing politician known as AMLO, won Mexico’s presidential election, to the horror of policy analysts, U.S. government officials, and the Mexican business community. As head of the upstart National Regeneration Movement (MORENA, the Spanish acronym, also means “dark skin”), AMLO pledges to make Mexico self-sufficient on food, halt foreign investment in the oil industry, and grant amnesty to drug traffickers. AMLO hates the North American Free Trade Agreement (NAFTA)—although he’s promised to stay in it for now—and “the Wall” even more.
Washington’s days of having a predictable and compliant partner in Mexico may be over.