Oil Privatization: NAFTA and the Rape and Pillage of Mexico

Posted: September 20, 2017 in colonialism
Tags: , , , , ,

Crude Harvest: Selling Mexico’s Oil

Al Jazeera (2017)

Crude Harvest is about a controversial law Mexico has enacted that puts its publicly owned oil industry up for sale to foreign corporations. The law also grants foreign oil companies the right to override the wishes of Mexican farmers if oil is discovered on their land.

Following a massive popular uprising, Mexico nationalized their oil industry in 1938. It’s the last nationally owned oil company to be opened to foreign investment. US oil economies are extremely excited as Mexico is an extremely corrupt country that makes no effort to regulate oil production. They will be allowed to pollute Mexican water and air as much as they like without consequences.

The documentary goes on to reveal how NAFTA has systemically “raped” the Mexican economy and forced the government to sell their oil industry to pay off Wall Street debt. By flooding the Mexican market with cheap (subsidized) American food, the US has wiped out most small Mexican farmers and ranchers and turned many small indigenous villages into ghost towns. Left with no way to support themselves, these former farmers can only survive by turning to organized crime or illegally entering the US.

Once that their lands are to be turned over to foreign oil companies, yet more farmers will lose their livelihood. Meanwhile Mexican debt will only increase as the government loses oil profits that currently comprise 40% of government revenue.

 

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