Political Quotes

Marcy Kaptur: What is really very interesting that our people should know about, when we say the smart money left Mexico before the…

On the recordJanuary 17, 1995
What is really very interesting that our people should know about, when we say the smart money left Mexico before the peso devaluation, we are talking basically about the 30 or so ruling families and their friends. So they take the money out of Mexico which helps to contribute to the problem of that banking system in that nation, and if you look back in 1991, there were two billionaires, and that is with a ``b'' in Mexico. Today there are 24 billionaires in Mexico as best as we can calculate after NAFTA locked in, which means some people have been getting very, very, very rich, and the majority have actually had a downward pressure on their wages and their life style has been made much more difficult. And I think what is interesting, if you look, and the gentleman may want to go into this, if you look at what Mexico has been importing from the United States over the last year, what really surprised me, when you went over those figures, the other day that the third highest import from us was art.
Said by
Marcy Kaptur
Democratic · Ohio

Editor's note · Context

Discussing the economic impact of NAFTA on Mexico and its wealth distribution.

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