Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (341437)	6/26/2007 6:07:39 PM
From: combjelly	Read Replies (3) \| Respond to of 1576600

""Cleaning up your own act" when you have close to nothing is much more easily said than done." True. But why do they have close to nothing? They have mineral wealth, including oil and gas, they have agriculture, they have excellent harbors, they even have a reasonable pool of educated people. Not to mention very close access to US markets. Yet Mexico has not benefited from globalization and the outsourcing that the US companies have been engaged in. The biggest reason? Corruption. Any manufacturing has to be done right at the border. If the trucks stray too far, they vanish. And the ones most likely to do the vanishing are the federales. It is very difficult to do business in Mexico without a convoluted system of bribes and kickbacks. And even then, the ones you bought don't stay bought. But tend to be extremely likely to freelance at a moments notice. Screwing foreigners is considered to be an art form. So development has passed them by. Not because of racism. But because it is more trouble than it is worth.

To: SilentZ who wrote (341437)	6/26/2007 6:56:59 PM
From: tejek	Read Replies (1) \| Respond to of 1576600

I do. Instead of trying to clean up their own act, they're suckering their own people into blaming America. "Cleaning up your own act" when you have close to nothing is much more easily said than done. Mexico is one of the wealthiest nations in the world in terms of natural resources. They have much more than "close to nothing". Corruption and poor management have put Mexico in the economic mess that its in, not a lack of wealth. We don't need what Mexico is exporting to this country.