Sunday, March 11, 2018
The Threats, Real and Imagined, of Mexico’s Election | by Mark Weisbrot | NYR Daily | The New York Review of Books
In less than five months, Mexico will have a presidential election that is mostly being described by US and international media commentators as a perilous undertaking. For some, it is part of a “perfect storm” that could wreak havoc on the Mexican economy (together with Trump’s tax reform and threats to NAFTA); for the business press, there is a threat to foreign investment, especially in the state-owned oil industry, which has had an unprecedented opening to such investment since 2013; and for other observers, it is a threat to the “security”—that is, foreign policy—of the United States.
The problem, according to the pundits and the Trump administration, is that the leftist candidate Andrés Manuel López Obrador (often known by his initials, AMLO) holds a sizable lead in the polls, and could well be Mexico’s next president. But is his possible election as president really the threat it’s made out to be?