The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
Inside his home in Chilpancingo, in Mexico’s southwestern state of Guerrero, Humberto, a soft-spoken middle-aged teacher, watched his daughter prepare a traditional posole soup. Apart from coconuts and Acapulco Gold marijuana, the dish is one of the state’s best-known commodities. Weeks had passed since 43 students from a nearby teaching school in Ayotzinapa were abducted and presumably murdered by a local drug cartel, allegedly with tacit approval from the local authorities, but the city still shook with unrest. That night, a relatively subdued protest simmered in the city center, but the smashed windows of the government offices down the road were reminders of the clashes that occurred earlier in the week.
Humberto mentors several students from the Ayotzinapa teaching school. Speaking alongside one of them that evening, he tied the tragedy to the many deep-seated problems plaguing Guerrero. When it comes to investment, security, and economic development, the state