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Neoliberalism In Mexico Essay

722 Words3 Pages

Mexico:

During the restructuring of Mexico's economy into the new neoliberalism, system wages dropped for the working class people by over 80%. In a society that is controlled by corporations, this faired quite poorly for the Corporate Elite because the lower class could no longer afford to support themselves, much less spend money in their companies.

The public safety net relied mostly on the taxes from the upper two tiers of society; this consisted of social programs, welfare, public education, healthcare, etc. Neoliberal advocates argued that the rich should not be responsible for the lower end of society. The rich continued to get richer, and the cut of social programs created a problem for the poor because they were now forced to spend more with less, all while the rich continued to grow. This was proving to diminish the middle-class altogether. Neoliberalism was a way to exploit the working class people and disabled by harvesting profit from them and sinking more and more people in the bottom classes below the poverty line.

In 1965 neoliberalism in Mexico got its start by creating …show more content…

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