After 15 Years, Nafta’s Promise Still Unfulfilled in Mexico - NYTimes.com. A good news story about how the promise of Free Trade (in this case NAFTA) sometimes doesn't happen. What we call institutional factors get in the way - a government won't disrupt oligopolies or oligarchs, currency problems interfere, the other party/country doesn't play fair, … Continue reading After 15 Years, Nafta’s Promise Still Unfulfilled in Mexico – NYTimes.com
Excellent but long post by Edward Harrison at Naked Capitalism. This post describes what's happening with the "Geithner Plan" for revised bailout of banks/ dealing with toxic assets in the context of an earlier bailout: the Mexican currency crisis in 1994-95. It''s many of the same folks involved: Summers, Geithner, and a populist sentiment in … Continue reading Change? Looks like same ol’ same ol’ to me.