The business

The Spanish company Iberdrola leaves much of its business in Mexico and will most likely move to the United States. It is simply a projection calculation towards the future, betting on clean energy and making sure to avoid the shocks of a country like ours where the rule of law is a weak step in the chain of certainties that every investor requires.

We do not gain anything from the purchase of the Iberdrola plants, other than the uncertainty of whether or not their operation in the hands of the CFE will be profitable, and if the investment fund that acquires them finally finds the financing for their final purchase. In any case, it is a clear sign that in the energy sector the presence of foreign capital is not welcome unless it is subordinated to the parastatal in turn whose economic proposal is based on surviving via the subsidies that the State provides.

For North American businessmen already immersed in the dispute within the channels that the TMEC offers them, the “nationalization” announced by López Obrador is nothing more than the prelude to what will be the discussion on energy in the instances that will undoubtedly lead to a controversial panel with a probable adverse outcome for our country.

Thus, as the ideological discourse of the 4T and AMLO becomes radicalized, the spaces for functioning in what continues to be globalized Mexico are significantly reduced. The grotesque messages of rapprochement with the Xi Jinping government and support for Trump, coupled with the confrontation with Blinken, make the Mexican government a necessary but unreliable partner within the framework of the US-Canadian strategy of an integrated economic zone in North America.

For now, the fear that an economic-financial crisis in Mexico will drag the entire area into an unmanageable situation, forces both Washington and Ottawa to continue being condescending to a project that, like the Mexican one, runs counter to the model of openness and economic integration to which both Biden and Trudeau are fully committed.

As long as the Mexican presidential story is located above the real needs of the population, the deterioration of the quality of life will continue to increase as shown by the figures from CONEVAL in relation to the increase in poverty, regardless of the money that millions are invested in. distributed monthly among the Morenista clientele. If the concept of “business” continues to be assumed as robbery in all its versions, there will be no way to truly transform this country.