Carlos Slim, Billonario made in Mexico

Foto del autor

By TP


The Nobel Prize in Economics, Don Acemoglu and James Robinson, have a devastating diagnosis about Mexico. In his book «Why the countries fail», they describe it as a nation where the institutions were woven to «impoverish the majorities» and cement the economic power of the elites. In the center of such portrait, as a symbol of all ills That an economy like Mexican is able to create, economists describe Carlos Slim. A fortune that did not sprout from innovation or merit, «but from a monopoly in telecommunications that was given entire in 1990.» It allows to exceed a few of the weight of the law. And to which the authors with disbelief baptize as «the lack of rule of law made law.» Billonario made in Mexico. Slim is the perfect portrait of the Mexican extractive economy and everything she entails. While Warren Buffet and Bill Gates have hugged with conviction the commitment to donate at least half of their fortunes, Slim resists, challenging, that gesture. For him, the idea of ​​giving others is nothing more than a «nonsense», an act without meaning. In public, he argues that he does not have to detach himself from anything, because in the end, nothing will be taken to the grave. Unlike other billionaires who promote redistributive taxes, such as Abigail Disney or Valerie Rockefeller, Slim rises against them. He argues, with a certainty that clashes with evidence, that any tax increase is counteracted for its inflationary effects. And that the best way to distribute wealth is to reduce interest rates, a statement that contravenes all economic theory. Mexico has created Billonarians who are not entrepreneurs in the classical sense of the term, but are operators of a system designed to benefit A few. Obvious symptoms of a sick economy, where wealth is assigned not by talent, but by connections and consanguineous ties. In Mexico, navigating the turbulent waters of the economy does not require talent, but the correct surname. Therefore, unlike Billonarios such as Michael Bloomberg or Michael Dell, who have entrusted the most important direct positions of their companies to outstanding professionals, Mexican Billonarians usually give them to their favorite son -in -law. Perhaps for this reason, while in the United States the Forbes list is a list of individuals, in Mexico it is one of families. But if something defines, above all, Mexican billionaires, it is their sick relationship with political power. A link that oscillates between flattery and contempt. In the same conference where President Sheinbaum praised President Sheinbaum for her preparation, intelligence and temper, she also let her disdain for the public. As he said, he could have sold Telmex to the government with his extraordinary labor liabilities and pensioners, and the government would have gladly accepted. If they have not seen their face in such a way it is because it has principles. world that these things could say without shame. But this is Mexico. And Slim is the big fish we have created. The Billonario who suggests that if the regulator requires stopping to monopolize the market, will stop investing in Mexico. The man who openly recognizes that he did not want to take services to the most marginalized communities in Mexico because the regulator did not accept to change the way in which he measured his market preponderance. Simlim rises in front of the press to offend it. «Understand Spanish,» he snapks a journalist who debates to him. «I don't know if you more or less understand,» minimizes another. «We are left, unless they do not know how statements made by Slim, one that gave in the target. If in the last decades Mexico had grown 2% more a year, he said, the entry of all Mexicans would have tripled. We would be a different country. And he is right. He only forgot to mention that according to the OECD, if there were no monopolies such as telecommunications, Mexico would have grown 1.8% more a year. Mexico would be another country and Slim too.