Mexicans went to the polls over the weekend. Preliminary results indicate that while incumbent president Andres Manuel Lopez Obrador’s (better known as AMLO) MORENA coalition will maintain a majority in Congress, AMLO did not score a two-thirds majority necessary to amend the constitution. 

AMLO’s mix of economic wishful thinking and populist tendencies has resulted in a mix of policies ranging from increasing government control over the energy industry while simultaneously ignoring Mexico’s rising drug violence problems and leaving most local authorities to handle COVID on their own. All this, with a healthy amount of disrespect for any government institutions seeking to place limits on what he views as his vast presidential powers.

However onerous his attempts to install himself as grand-poohbah-god-king of Mexico may be, what his populist measures will ultimately do is impede Mexico’s ability to compete for investment in the coming deglobalization and shift away from China. Mexico’s proximity to the United States and already strong economic integration with its northern neighbor means that this investment and development will still likely come Mexico’s way, but with a lot of unnecessarily delays and extra costs for all involved.


If you enjoy our free newsletters, the team at Zeihan on Geopolitics asks you to consider donating to Feeding America.

The economic lockdowns in the wake of COVID-19 left many without jobs and additional tens of millions of people, including children, without reliable food. Feeding America works with food manufacturers and suppliers to provide meals for those in need and provides direct support to America’s food banks.

Food pantries are facing declining donations from grocery stores with stretched supply chains. At the same time, they are doing what they can to quickly scale their operations to meet demand. But they need donations – they need cash – to do so now.

Feeding America is a great way to help in difficult times.

The team at Zeihan on Geopolitics thanks you and hopes you continue to enjoy our work.

DONATE TO FEEDING AMERICA

Recommended Posts