Pesos And Politics

The relationship between business and politics is crucial to understanding Mexican history, and Pesos and Politics explores this relationship from the mid-nineteenth century dictatorship of Porfirio Diaz through the Mexican Revolution (1876–1940). Historian Mark Wasserman argues that throughout this era, over the course of successive regimes, there was an evolving enterprise system that had to balance the interests of the Mexican national elite, state and local governments, large foreign corporations, and individual foreign entrepreneurs. During and after the Revolution these groups were joined by organized labor and organized peasants. Contrary to past assessments, Wasserman argues that no one of these groups was ever powerful enough to dominate another. Because Mexican governments and elites committed themselves to economic models that relied on foreign investment and technology, they had to reach a balance that simultaneously attracted foreign entrepreneurs, but did not allow them to become too powerful or too privileged. Concentrating on the three most important sectors of the Mexican economy: mining, agriculture, and railroads, and employing a series of case studies of the careers of prominent Mexican business people and the operations of large U.S.-owned ranching and mining companies, Wasserman effectively demonstrates that Mexicans in fact controlled their economy from the 1880s through 1940; foreigners did not exploit the country; and, Mexicans established, sometimes shakily, sometimes unplanned, a system of relations between foreigners, elite and government (and later unions and peasant organizations) that maintained checks and balances on all parties.

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1977.

Mexico is reinventing itself. It is moving toward a more tolerant, global, market oriented, and democratic society. This new edition of "Changing Structure of Mexico" is a comprehensive and up-to-date presentation of Mexico's political, social, and economic issues. All chapters have been rewritten by noted Mexican scholars and practitioners to provide a lucid and informative introductory reader on Mexico. The book covers such topics as Mexico's foreign economic policy and NAFTA; maquiladoras; technology policy; and Asian competition; as well as domestic economics such as banking, tax reform, and oil/energy policy; the environment; population and migration policy; the changing structure of political parties; and values and changes affecting women.

Fundamentally concerned with political and economic issues at the national level, Niblo (history, La Trobe U., Melbourne) explores the post Cardenas regimes of Mexico as they shifted from a radical economic nationalism to a more orthodox pattern of unlimited capital accumulation and a closer accommodation to the interests and policies of the United States. He argues that the new economic pattern was heavily responsible for the official corruption and centralization evident in this period. The shift to neoliberalism in the 1980s and 1990s was one of degree and not of kind, according to his view.

Did the Mexican Revolution do away with the ruling class of the old regime? Did a new ruling class rise to take the old one's place--and if so, what differences resulted? In this compelling study, the first of its kind, Mark Wasserman pursues these questions through an analysis of the history and politics of the northern Mexican state of Chihuahua from 1910 to 1940. Chihuahua boasted one of the strongest pre-revolutionary elite networks, the Terrazas-Creel family. Wasserman describes this group's efforts to maintain its power after the Revolution, including its use of economic resources and intermarriage to forge partnerships with the new, revolutionary elite. Together, the old and new elites confronted a national government that sought to reestablish centralized control over the states and the masses. Wasserman shows how the revolutionary government and the popular classes, joined in opposition to the challenge of the elites, finally formalized into a national political party during the 1930s. Persistent Oligarchs concludes with an account of the Revolution's ultimate outcome, largely accomplished by 1940: the national government gaining central control over politics, the popular classes obtaining land redistribution and higher wages, and regional elites, old and new, availing themselves of the great opportunities presented by economic development. A complex analysis of revolution as a vehicle for both continuity and change, this work is essential to an understanding of Mexico and Latin America, as well as revolutionary politics and history.