Word: mexicans
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Dates: during 1950-1959
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...bread a year; now he eats 62 lbs. He switches from pulque (the fermented juice of the century plant) to beer. In 1941 per capita consumption of beer was 97 quarts; today it is 25. He spends money to see movies, bullfights and soccer games. In 1936 the average Mexican spent 1.42 pesos on entertainment; last year it was 7.05. He begins riding, if only a bicycle. Bike registrations climbed from 80,082 in 1946 to 386,782 last year...
...schoolteacher named Eva Sámano. López Mateos married her in 1940. Señora López Mateos' grandfather was British, and she is ardently Anglophile and pro-U.S., but her affection for the U.S. never rubbed off on her husband. He compounds the Mexican's moody distrust of the Colossus of the North with an unshakable belief that the U.S. is run by and for a profit-hungry band of bankers. Told once that only 5% of all U.S. citizens could be called truly rich, he replied: "Aha! But what...
...Insist on strict adherence to the letter of the law, now largely ignored, that ownership of companies in many sectors of the economy be at least 51% Mexican...
Rational Nationalism. López Mateos' main problem in keeping the Mexican boom going is that of any nation with mixed-capital enterprise. Which comes first-enterprise or the welfare state? An example is Pemex, Mexico's government oil company. Subsidized Pemex proudly proclaims itself "in the service of the nation," fulfills the proclamation by keeping prices of its products artificially low and supporting a welter of government social services. As a result, it makes little profit to plow back into development and into the establishment of a much-needed petrochemical industry...
...fortnight ago, relaxing in his book-lined library overlooking the swimming pool, López Mateos summed up the problem as he sees it: "Mexico must create national wealth from capital to make jobs for an additional 1,000,000 Mexicans a year. Mexican capital alone-private and government-has not been able to develop our potential. With the help of outside capital, perhaps this can be achieved...