by pup55 » Sun 29 Oct 2006, 22:24:18
Several comments:
1. If you export the most productive 10 million citizens from a country, it probably goes without saying that the leftovers will be left with a lot of problems.
2. Ironically at this point these guys are now in competition with the Pacific Rim for production of cheap junk. We were down there a couple of years ago, and all the stuff i n the tourist shops had "Made in Thailand" stickers on them. I understand that a lot of the Maquiladora plants that were built in the 80's and 90's are now shutting the doors, and the work being transferred to China. This is particularly serious in the automotive parts business, where conditions are terrible anyway.
3. The housing bubble disaster shaping up in the US will probably happen before the oil disaster. When construction in the US grinds to a halt, like it did in 1983, a lot of these guys will be SOL. The migrants, being responsible, like they are, are sending billions back across the border to take care of their families back home. When this source of money dries up there are going to be a lot of problems.
4. They have not yet gotten the message on such issues as having an understandable legal system, control over corruption (particularly as far as drug money is concerned) and wealth concentration. They had similar problems a few years ago with violence in the southern part of the country, and they had to call in the army to settle it down.
5. I can't help thinking that all of these laid off construction workers will try to compete for other low-end jobs in the US, thus causing a lot of problems in the inner cities, particularly competing with the unskilled blacks.
6. Speaking of inner cities, Mexico's #2 export, after their productive population, is cheap dope. You can expect this trade to increase even more, causing even more problems.
Last edited by
pup55 on Mon 30 Oct 2006, 21:08:10, edited 1 time in total.