Will Felipe Calderon’s legacy be known for privatizing Pemex, Mexico’s state-owned oil monopoly? At first blush that might appear as heretical as the Pope giving his blessing to priests who marry outside of the faith. But it could happen, and the times may be just as right for privatization as they were for expropriation back in 1938.
As every schoolchild in Mexico knows, the hallmark of President Lázaro Cárdenas was expropriation of foreign oil companies. There’s even a holiday, albeit not one of those federal holidays where everyone takes a day off from work, celebrating the expropriation. Now, in a curious twist, writes Hector Tobar in La Plaza, rumors float that Lázaro Cárdenas’ grandson, Lázaro Cárdenas Batel, the ex-governor of Michoacán, could be just the guy to head the new Pemex. That could be daring and “too insane to be believed,” some might say, but possibly politically astute move. The idea definitely has its appeal.
The more times change, the more they don’t.