Teaching Comparative Government and Politics

Wednesday, August 21, 2013

From the opposition in Mexico

The son of the Mexican president who nationalized the oil industry has a plan to fix Pemex. Will anyone listen?

Leftist leader wants to repair, not privatize Mexico's oil industry
Mexico’s most prestigious leftist leader on Monday challenged President Enrique Peña Nieto’s proposal to open the national oil industry to private investment…

Cardenas
Cuauhtemoc Cardenas said the state oil monopoly, Pemex, is in dire need of repair, but that amending the Constitution… is unnecessary and makes Mexico’s resources dangerously vulnerable to outside exploitation.

Instead, Cardenas offered an eight-point plan that would give Pemex financial and administrative autonomy, relieving it, he said, of the onerous state bureaucracy that cripples its ability to grow and become more efficient. The plan would also lower Pemex’s tax burden; currently, the company pays up to 70% of its revenue to the government.

Peña Nieto most likely has the votes he needs in Congress to pass the bill he has proposed, thanks to his Institutional Revolutionary Party and the all-but-certain support of the conservative National Action Party. But the left has the potential to stir bitter debate and galvanize public opposition to the president’s plan, a cornerstone of his young government’s agenda…

Teaching Comparative blog entries are indexed.

The Second Edition of What You Need to Know: Teaching Tools is now available from the publisher

The Fifth Edition of What You Need to Know is also available from the publisher.

Labels: , ,

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home