Mexico Is Now a One-Party State

Rafael Ramírez de Alba: Crony Capitalism Poised to Deepen under Morena

Mexico One Party

IO Podcast|Episode 35

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Mexican President Andrés Manuel López Obrador (AMLO) spared no expense to support the candidacy of Claudia Sheinbaum. She won the presidential election on June 2, 2024, with 59.5 percent of the votes. AMLO’s political party, Morena, also won two-thirds of the seats at Congress. 

For Rafael Ramirez de Alba, an economics professor at the IPADE Business School, AMLO will stay behind the throne, and Morena will seek to apply its agenda through legislative reforms. Priorities include reforming the pension system, completely nationalizing the energy sector, and broadening trade integration with China. 

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Fergus Hodgson

Publisher: Fergus Hodgson, CAIA, is the director of Econ Americas, a financial and economic consultancy. He holds an MBA in finance from Rice University and bachelor’s degrees in economics and political science from Boston University and the University of Waikato. He was the founding editor in chief of the PanAm Post. Follow him on Twitter and LinkedIn.

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