Tuesday, September 25, 2007
Isn't It Ironic?
A quick note to point out a some ironies of today's world; please indulge. It is strange (not really) that whenever there is a problem in the US, everyone in the world comes out of the woodwork to jump on the bandwagon. In the pre-Ronald Reagan era, this was common. Maybe with a strike at GM, people think that Jimmy Carter is still President (On that note, the anti-union guy on a midday CNBC debate told the GM workers to "suck it up and face facts). But entities living in glass houses, the IMF and Carlos Slim come to mind as recent bandwagon jumpers, should probably not throw stones. The IMF, struggling for relevance in credit risk-free emerging market world, is trying to justify its existence by coming after the US. Carlos Slim, world's richest man created by having monopoly power in Mexico, is warning the US on this and that. Enough already! Mr. Slim, please donate your billions to a foundation dedicated to reforming the Mexican economy. They could start by breaking up monopolies and selling off Pemex, taking advantage of the worldwide oil boom (Take a look a Petrobras for an example). As for the IMF, I'm sure you could put all your knowledge and resources to helping countries that could actually use it. There's a few countries in Africa that may appreciate your advice.
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Mexico is yet another Latin American Country which is more interested in blaming the U.S. for its problems then solving them. Not only is blaming the U.S. easier, it is consistent with maitaining the desired status quo.
You correctly point out the problem of Mexican monoplies. Mr. Slim et al have no intention of doing what is right for the people. Tose in power want to remain there. However, the rule at the pleasure of the people (this is true even of totalitarian regimes). What they need is a scapegoat. Located conveniently to the north is the world's bigest scapegoat. A country so cruel, so foul, that even some of its own citizens believe it to be evil. We know this because it is one of the few places on earth where one can be critical of the government.
I can't even listen to stories from Latin America. From Slim, to Lula to Scramble-brains Chavez, it is one giant Spanish speaking Jerry Springer show. Too bad Desi Arnaz was not alive to host it. "Hey Fred look, it's Carlos Slim heh, heh, heh." Maybe he will join me in a song?" Baba-lu!
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