Twenty years after it took effect, NAFTA has failed the vast majority of Mexicans. This deal was supposed to boost employment in Mexico. Instead, NAFTA has become an engine of poverty in the country, forcing millions of Mexicans to migrate to the United States in search of jobs.
Source: Foreign Policy in Focus
Only a few years ago, analysts were warning that Mexico was at risk of becoming a “failed state.” These days, the Mexican government appears to be doing a much better PR job.
Despite the devastating and ongoing drug war, the story now goes that Mexico is poised to become a “middle-class” society. As establishment apostle Thomas Friedman put it in the New York Times, Mexico is now one of “the more dominant economic powers in the 21st century.”
But this spin is based on superficial assumptions. The small signs of economic recovery in Mexico are grounded largely on the return of maquiladora factories from China, where wages have been increasing as Mexican wages have stagnated. Under-cutting China on labor costs is hardly something to celebrate. This trend is nothing but the return of the same “free-trade” model that has failed the Mexican people for 20 years.
Copyright Toward Freedom 2019