Mexico: Government Strategy Opens Door to Further Privatization

The price of Mexico’s crude oil has been hovering at eight-year lows of US$30 a barrel, down from the 2014 average of US$90 a barrel. This is hitting public finances hard since nearly a third of Mexico’s public spending comes from the sale of crude oil, yet government officials express optimism for growth in the coming year. Some economists point out however, that the majority of Mexican people will not benefit from these polices that can only lead to further privatization, increase the precarious nature of the labor market, exacerbate social equality and generate further social conflict and violence. Clayton Conn reports from Mexico for teleSUR.