Yet in Mexico there have been other governments after the Revolution who have done more heinous crimes against capitalism without having sunk the country in a crisis, yet they are invariably ignored. For instance, President Lopez Mateos nationalized the power utility company. Yet the fact is that economic standards increased most of the time. As Mexico maintains now a chronic state of crisis, ideolgues maintain that the solution is to privatize everything, pointing to the last two or three administrations, and avoid mentioning the others. But this sounds suspicious.
Most economists recognize that the global economy is what has changed in the last decades.
As Mexico became an increasingly oil exporter country, its economy became more dependent on the trends of the global economy. Most raw materials, which Third World countries export to developed ones, like oil or coffee, have decreased in price in global markets, creating economic austerity in exporters while helping the economy of the importer advanced countries. With this kind of trend, I think that any kind of government, be it from left or right is going to fail. The Mexican crisis of December 1994 shows that in these times hundreds of investors in Wall Street can cause an economic crisis in any given country just by making a phone call to pull their capitals out of the country. In this situation, it seems that the concept of political independence of a country has become meaningless because the only way that the voters in a Third World country have to maintain their economy afloat is by choosing that system that keeps foreign investors happy.