zerge@hotmail.com (zerge) wrote in message news:...
> "Andrei Chikatilo" wrote in message news:...
> > "zerge" wrote...
> > > > Here is a very simplified scenario: In a typical year Mexico's
> > > > economy might expand by 5%. The PRI embezzles most of that
> > > > increase in GDP, resulting in a net economic expansion of 1%.
> > > > In that same year, Mexico's population/labor force might increase
> > > > 3%. As a result, there is an actual economic shrinkage when you
> > > > adjust for population. This has been going on for 75 years, and
> > > > the PRI tried to keep the real net increase as close to 0% as
> > > > possible, perhaps up to 1% to 2% real net increase (the PRI is
> > > > very greedy). Occassionally, the PRI would grossly miscalculate
> > > > its estimates of future economic expansion, steal too much based
> > > > on those incorrect estimates, then Mexico's economy would
> > > > completely collapse (José López Portillo in 1981-1982). This is
> > > > just my personal conspiracy theory, but the more I look at
> > > > Mexico and its history the more it makes sense.
> > > >
> > >
> > > Your pseudo-analysis is clueless and naive. But I'm just too tired of
> > > giving free economics lessons; go sign up to classes at your local
> > > community college.
> >
> > My analysis above is correct, though I have no proof of course. What
> > I am getting at is that Mexico's economic situation is NOT the result
> > of incompetence, but rather extremely skilled economic (mis)management.
> > At any point Mexican (PRI) economic planners were perfectly capable
> > of delivering 10% or more economic growth a year for 50 years. But
> > just like in that "1984" quote I posted earlier, they realized that
> > that if the lives of the Mexican people improved too much they would
> > no longer be kept stupefied by poverty and would learn to think for
> > themselves and would overthrow the PRI. So they carefully engineered
> > Mexico's economy so that even though it tried to grow each year,
> > they would make sure to embezzle so much generated wealth out of it
> > so that it couldn't grow. If left alone, the economy would have
> > expanded by 10% in any given year, but the PRI stole most of that
> > so that the effective growth was 0.5%, sometimes 1% or 2%, often
> > going into negative territory. This really is a novel theory, so
> > revolutionary that I should get a Nobel Prize in Economics for it!
>
> LOL ok mister Nobel prize candidate, you have some explaining to do to
> support your hypothesis. You say that something like 9% of Mexico's
> GDP was stolen. Let us assume that was so. It would be billions upon
> billons of dollars. Tell me, what would the corrupt PRI politicians do
> with all that money? Please explain.
About the same as the rulers of every kleptocracy in modern hisory:
they invest it in more stable nations by purchasing securities, real
estate, and debt instruments. That way they'll always have a source of
wealth if they get run out on rail and hve to flee to a comforting
golden handshake retirement in the land of their sponsors and
enablers, the United States. |