Comment Re:Diversity vs monoculture (Score 1) 123
Mexico really got the short end of the stick, but it happened for a couple of reasons. First off was the nationalization of oil production. US oil and gas companies had explored and drilled for oil and were reaping the benefits of harvesting it. Then the government declared these oil operations were owned by the government (part of a socialist movement, still alive in Mexico today).
Although Mexico was one of the most stable Latin American countries from 1920-1970, the oil crisis of the 1970's (caused by Nixion's decision to take the US of the gold standard and cause US currency to be 100% fiat) caused major inflation during that time period. This causes Mexico to default on its external debt, in 1982. Through out the '80s, the result was inflation and devaluation, causing major harm to many Mexicans who did not have inflation protection based on debt obligations (i.e. the common man).