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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: blazenzim who wrote (32605)	4/8/2008 11:46:37 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217942

The thousand families control the Mexican government, the banking system and all large firms. How do these "thousand families" squelch competition? The Mexican economy is filled with a sea of very-small owner-run businesses which will suffer greatly in the near future. With no access to credit, and no assets to fall back on, declining sales and rising costs will mean the end or very hard times. Look into the ownership of medium sized businesses, and you find the interlocking network of ownership back to large businesses controlled by the thousand families, or the families themselves. It is very tough for foreign firms to break into this system. Most foreign business names in Mexico are actually thousand family owned licensees of the foreign brand, or joint ventures with very little foreign ownership. Oil revenues have subsidized social programs, at the expense of developing replacement reserves. As a result rapidly declining oil production will cut sharply into subsidized food prices and other social programs. .