Mexico: A country of great contrasts

Lady in Mexico CityIn this article, Time Magazine describes the reason why not all of Mexico is happy for Carlos Slim, the world’s 2nd richest man according to Forbes Magazine.

The main reason is this quote:

Whereas Gates’ wealth reflects America’s tech leadership, Slim’s riches —despite the sweat and savvy that built them — tend to symbolize Mexico’s archaic system of monopolies and oligopolies, which helps keep almost half the nation’s population in poverty by choking oxygen away from the rest of the economy.

Hopefully, Slim will become more of a philanthropist in the near future, and hopefully, some of the monopolies that he owns will get some competition, causing the economy to improve.