Across Mexico most people buy snacks and beer produced by Mexico’s monopolies and eat road-side tacos from family run carts, stands and other un-registered businesses. In Modern Mexico large industrial monopolies coexist alongside a sprawling and still mostly poor informal economy.
... [+]Nathaniel Parish Flannery. Instagram: @NathanielParish
Beer isn’t the only market in Mexico that’s dominated by the oligarchs. During the two and a half decades since Mexico, the U.S., and Canada signed the North American Free Trade Agreement in 1994 a small group of elites consolidated giant companies in Mexico. In the two decades after NAFTA was signed Mexico’s sixteen wealthiest families saw their fortunes increase fivefold while the overall economy expanded by an average of just 0.
An even more shocking and less discussed fact is that overall, nine out of every ten businesses in Mexico operate in the informal sector. There are just ten thousand formal sector businesses with more than fifty employees in the entire country. By contrast there at least three million informal micro-businesses that operate out of permanent locations and hundreds of thousands of additional informal businesses operating in Mexico’s smallest and most isolated villages.
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