NR Digital

Oil Flowing Freely

by Mario Loyola

Mexico’s energy reforms are good for Mexicans, Americans, and the world

Mexico City — ‘Although the neoliberal dogma was already forgotten in other countries, including those that imposed it decades ago,” writes Jesús Ortega, editor of a prominent Mexican left-wing magazine, “in our country the current leaders continue using it.” The observation is worth pondering, because it is so wrong-headed — and so true.

The countries that “imposed” the neoliberal free-market “dogma” — an obvious allusion to the United States — do indeed seem to be forgetting it. The statist policies of the Obama administration belie what little free-market rhetoric remains in its pronouncements. In Mexico, strangely enough, rather the opposite has been true. Since the terrible Revolution of 1910, Mexican governments have stopped far short of their populist left-wing rhetoric.

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