Mexico imports from: US 49.6%, China 10.5%, Japan 5.8%, South Korea 4.5%
Mexico exports to: US 82.2%, Canada 2.4%, Germany 1.5%
It then becomes clear that Mexico, rather than a trading partner, is no more than a back alley into America. A global sweatshop used to elude American wages, taxes and environmental laws. Mexico's petro dollar profits go into corrupt government coffers and little reaches the people. The people who, in theory, own the oil. The workers in the American-owned factories labor for six and seven dollars an hour and the profits go to the American investors. Investors that worry because US unemployment means less US dollars going to Mexico to prop up the Mexican economy so that the Mexican government can pay back its loans to the banks and investors.
Money knows no allegiance, no limit on suffering or degradation, it's money or nothing and the bankers are trying to make it clear to us that when it comes to investing in America, it's nothing. The engines that have lifted the US economy out of every recession since World War II have been exported; the reduced wages have shriveled savings until the system no longer believes in itself and neither do I. The failure of capitalism shall be remembered as a suicide, not a murder. Money owes no allegiance, so what do we owe it in return?
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