Natalio. Communist, Mexican in diaspora, Pro-ProleFem, pro-Chavez, pro-civilized discussion.. usually. Majority original content; heavy on critiques of identity postmodernism, radical news, and communist music from Latin America. Occasional photographer, occasional graphic designer.
Blog bilingüe inglés/español.
"When Mexico crashed in 1994, Michael Camdessus, the IMF managing director, prophetically described the event as “the first major crisis of our new world of globalized financial markets.” Succeeding years rapidly proved him right, with a series of severe national financial crises hitting Thailand, Indonesia, Korea (1997), Russia and Brazil (1998), and Argentina (2002). All of them shared a common cause—the prior liberalization of national capital markets had left them vulnerable to massive capital flight. They also shared a common outcome—it is an iron rule of financial crises that the taxpayer always ends up picking up the bill for bailing out banks and foreign investors alike. As one banker told the Wall Street Journal in 1985, “We foreign bankers are for the free market system when we are out to make a buck, and believe in the state when we’re about to lose a buck."