In Mexico, History Is Repeating Itself

Business Week: When Mexican President Enrique Peña Nieto visited President Obama on Jan. 6, hundreds of Mexican Americans demonstrated outside the White House. Hundreds more picketed at Mexican consulates across the U.S. It was an unusual display of solidarity with Mexicans south of the border, who have taken to the streets almost daily since September—when 43 college students were massacred by narco-gangsters—to denounce corruption and violence in their country.

Peña Nieto’s approval rating, which hovered above 60 percent two years ago, has plummeted into the 30s as marchers call for his resignation. That’s a dramatic fall considering how ardently U.S. and international boosters lionized him when he took office in December 2012. Then, it seemed like every financial gazette on the planet was declaring Peña Nieto’s Mexico “the Aztec Tiger.” New York Times columnist Thomas Friedman said it was poised to become a “more dominant economic power in the 21st century” than China. Read more.