Dismantling Mexican Neoliberalism

Our background shows how complicated it is for us to harmonize the State market relationship. Finding adequate responsibilities among these actors is almost impossible for us. We are not the exception, there are several nations that find it difficult to do so, especially those with inadequate levels of development. At the end of the 20th century, statistical economies fundamentally collapsed with what seemed to be no choice but to advance free market economies. However, the past 30 years have shown that solving growth deficits has not been the solution either. The task is still pending, it is necessary to continue to explore new forms of state market coexistence.

In Mexico, it was difficult for us to build a balanced relationship; we have wandered from too much state, in the 30s, to too much market for the past 36 years. The worst was that we did not even do it right, especially at this last stage. In our country a correctly applied neoliberalism was not experienced, but rather, by the insane habit of interweaving economic interests with political interests, it led to the dismantling of the State of its economic faculties, which most of the public companies handed over to individuals. in lawsuits of dubious privatization. Similarly, economic institutions were created that were captured by a single ideological vision. The so-called “buddy capitalism” was established as the basis of the neoliberal project; few business groups benefited from concessions, tenders and government authorizations. This caused citizens to be offered bad and expensive services; oligopolies have emerged that to date have not been eradicated with obscene fortunes. During the years 1985-2018, little progress was made with economic deregulation and fiscal discipline at the same time that corruption was growing: what was salvageable was monetary discipline.

From an economic point of view, President Andrés Manuel López Obrador proposed to reduce the almost mafia relationship that exists between economic oligarchs and many other business groups that have amassed impressive fortunes by selling goods and services to the government or receiving these privileges. break. special concessions. The president has managed to get us all to start doing what we agree with in paying taxes, although the high levels of the existing informal economy still need to be reduced. Of course, both aspects have not gone well with the groups that have dominated business and political decisions over the past three decades. At this historic moment, we venture into maintaining “Mexican-style neoliberalism,” restoring the state’s economic structure or moving toward a mixed economy based on ethics and morals that meet the needs of each social stratum.

Carlos Alberto Martinez Castillo

Doctor of Economic Development and Law and Philosophy


Professor at the Universidad Panamericana, Ibero and TEC. He has worked for the Bank of Mexico, the Department of Finance, the Presidency of the Republic, and Washington, DC. Author of books on economic history, financial regulation, monetary policy, economics and ethics.


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