AMLO’s Legacy in Mexico is Another Failure of Keynesianism

Michael Roberts dissects the six years of AMLO’s presidency and it has been disappointing.

There have been little improvements in violence and crime although the crime is inseparable from US drug-dealing. There has been little change in overall income inequality. However, the minimum wage has gone up 82%. The capitalists are paying very little in the way of taxes and the economy is dominated by Mordor’s finance capital.

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