HOW TO THINK ABOUT IT
A history of violence. Gang-related bloodshed is reaching record proportions in Mexico, reportedly having claimed a new victim every 15 minutes throughout May. More specifically, political killings — an astonishing 130 since September — reveal that corruption and organized crime is still deeply woven into the country’s social fabric. In one case, a city’s entire police force was arrested in connection with the murder of a local mayoral candidate.
Swinging to the left. All that trouble is what launched López Obrador to victory on Sunday. He’s promised to wipe away “mafia of power,” referring to the governing Institutional Revolutionary Party that has ruled for much of the last century. It’s unclear whether this left-wing populist, who’s promised to overhaul the state bureaucracy in favor of the disadvantaged, can make good on his lofty pledge to set Mexico straight. But after losing two previous presidential ballots — gaining less than 35 percent each time — López Obrador may have finally won the discouraged country’s confidence.
Meet the new neighbor. As one populist leader to another, López Obrador is expected to hold a tough line against Trump. He had plenty of criticism for the American president leading up to his election, and said that he would turn to the United Nations if a border wall was constructed. With his apparent allegiances outside of the business community, López Obrador might actually take the tearing up of the North American Free Trade Agreement (NAFTA), which Trump has threatened, in better stride than other candidates. He wants a trilateral deal and has said no deal is better than a bad deal.
“El año de la mujer.” They’re calling it the year of the woman. Mexico gets not only a new president but also a new Congress. Thousands of state representatives and hundreds of new mayors were elected from more than 3,000 women candidates. That includes Claudia Sheinbaum, of López Obrador’s party, elected as the first female mayor of Mexico City from a field of seven candidates, five of whom were women. But it may not be a groundswell of feminism at work: Much of the female candidate turnout can be traced to a 4-year-old law requiring political parties to field women for half of their races.
New energy. Markets are watching with bated breath to see what López Obrador does with Mexico’s recently liberalized energy sector. He’s called for a freeze in investment in exploration and production of oil while shifting focus to refining. The goal is for Mexico to produce its own gasoline rather than send oil to the U.S. to be processed. Still, during the run-up to the election, he took a more moderate tone on energy policy, offering the possibility of allowing more oil and gas fields to be auctioned off if he doesn’t find corruption in the process.