While U.S. advocates and local politicians struggle to get their first public banks chartered, Mexico’s new president has begun construction on 2,700 branches of a government-owned bank to be completed in 2021, when it will be the largest bank in the country. At a press conference on Jan. 6, he said the neoliberal model had failed; private banks were not serving the poor and people outside the cities, so the government had to step in.
When it comes to Mexico, one can at this point easily spot the signs of a brewing U.S. regime change operation. Since Mexico’s president Andrés Manuel López Obrador was elected last year, he’s been thoroughly vilified by the U.S. media. After Brazil’s fascist president Jair Bolsonaro was elected, the Financial Times’ John Paul Rathbone even argued that Obrador is a greater threat to liberal democracy than Bolsonaro. Such views of Obrador have come from claims that he’s an authoritarian, or “too strong” as the Washington Post recently put it.