22 May 2021

Now I Understand the Full Court Press against AMLO

There has been a steady drum beat of accusations against Mexican President Andrés Manuel López Obrador, in places like the New York Times.

My assumption is that AMLO is taking actions that generally favors the "Have Nots" over the "Haves", and this is why we see alarm from the usual suspects.

I haven't followed this closely, but his recent decision to replace the Bank of Mexico governor with one who favors people over finance is a very good indicator of where he intends to go:

President López Obrador said Friday that he will replace the current central bank governor with an economist who supports a “moral economy” — an economy in which the well-being of everyone is prioritized over the wealth of the few.

Speaking at his regular news conference, López Obrador said he won’t nominate current Bank of México Governor Alejandro Díaz de León for a second term after it concludes at the end of November.

López Obrador, a fierce critic of the neoliberal economic policies he says were implemented by successive governments during the 36 years preceding his arrival in the National Palace, said he would instead nominate an economist with “a lot of prestige” who is better attuned to Mexico’s social needs.

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