In general, I don't find the arguments that AMLO is a grave economic
risk to Mexico to be very convincing. His program isn't particularly
extreme. Rogelio Ramírez de la O (his proposed finance minster) is
sharp, experienced, and within the economic mainstream. And most
importantly, between its business community, central bank autonomy, and
Nafta, there's something of a policy straightjacket in Mexico. I don't
think anyone should expect a Kirchner a la mexicana should AMLO pull off
the upset, and if I were a fund manager or a currency speculator, his
election alone wouldn't do all that much to change my opinion of
Mexico's prospects.
The problem is this: AMLO's democratic commitment has
wavered time and again. This is something that he has demonstrated
repeatedly over the past six years. The reaction to the 2006 loss was a
big part of that, but it's not the only example. The takeovers of
Congress were shameful. The shenanigans in Ixtapalapa treated the
democratic process in an area of almost 2 million residents as though it
existed only to serve him. And there's no reason to think that this
would change. When asked if he would accept the results of the election
in July, a question where the only acceptable answer is an unqualified
"Yes",
he waffled.
His moderation during the campaign has been laudable, but when faced
with a narrow defeat of an agenda item he holds precious, I don't
believe that he'll just take his lumps and move on. Unfortunately,
taking your lumps and moving on is a basic element of democracy.
The counterargument to this is that AMLO has been justified in his more extreme actions--that is, the election
was a fraud, and the oil reform proposals being tossed around
were
a vital threat to Mexico's well-being. Clearly AMLO seems to believe
that; he couches his reaction in 2006 as a defense of democracy,
notwithstanding his sending the institutions to the diablo. Given the
fraud in the 1994 Tabasco race and Fox's desafuero push, I can
understand him assuming any opposition to him is illegitimate. But while
this bias is understandable on a personal level, that doesn't make it
any less worrying or damaging. Over the past six years, that there isn't much to
support his belief that he was acting in democracy's defense: the case
for outright fraud in 2006 is extremely weak and has been contradicted by
numerous people on the left, and his opinions regarding Pemex are just
that --opinions-- and have no more inherent value than those who would
privatize the company tomorrow (which is certainly not what I'm
advocating). The "desperate times, et cetera" explanation for AMLO's
unorthodox actions over the past six years just doesn't hold up, and if
your bar for the barbarians being lined up at the gates is set so low, well, then, what crushing political loss doesn't justify an assault on the system?
That's not to imply that his opponents would
necessarily make better leaders. There's also a pretty good argument to
be made that the (potential) insidious erosion of democracy from within
under Peña Nieto would far more harmful than AMLO's frontal assault,
which has typically been conducted in plain view of the public. If Peña
Nieto turns out to be as bad as many assume he will --that is, if he is an
old-school PRI dinosaur in a pricey suit-- the damage could well be much worse than what
is at risk in an AMLO presidency. Even if that doesn't happen, by all
indications Peña Nieto is the lightest of lightweights, and the campaign
doesn't seem to have put much weight on his bones. And the defects of
Vázquez Mota are so obvious and damning that they hardly bear
mentioning. From my point of view, there is no right candidate, and this
is the worst slate of candidates of any Mexican election that I am more
than passingly familiar with (basically, from 1988 onward).
But now that AMLO has emerged as the optimistic,
anti-Peña Nieto candidate, it's important to be clear about what his
drawbacks are. Support for AMLO carries risks that go well beyond
ideology. Electing AMLO would mean entrusting the system to someone who
doesn't wholly believe in it.