08/24/2024
One of the best explanations I have seen thus far on the issue that has the ability of derailing Mexico back into the 20th Century and affect comentitiveness in a major way for North America. These reforms will lead to massive migration, major loss of foreign direct investment in Mexico and billions already invested in the country, and significant price increases for US consumers in a variety of goods and services.
Following the decisive electoral victory by Claudia Sheinbaum and the Morena party on June 2, 2024, her mentor, President Andrés Manuel López Obrador (AMLO) and allies are likely to secure a two-thirds majority in Congress, providing him the power to unilaterally amend Mexico’s constitution.