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by fransje26
472 days ago
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> Slim has a fascinating history. I see nothing there about drug cartels. [..] Well, that's a bit of a naive take. You're not going to do business in a cartel/mafia infested area and not have to deal with them. In the same way that a construction company in Naples is going to get a friendly visit at some point. Or in the way a forest keeper in Romania or Bulgaria will also be reminded of what is good for them and their family. (As experienced repeatedly by the brother of a friend) |
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> You’re not going to do business in a cartel/mafia infested area
Mexico’s financial life is not cartel infested and certainly was not in the 60-70s when Slim got started
https://en.wikipedia.org/wiki/Carlos_Slim
Slim didn’t come into money in a narco state, he was a stock trader in the 1960s and got into finance and insurance
Eventually turned this into buying the Mexican telecom monopoly Telmex in the 90s, just as the internet was taking off.
He sure as hell did not have to pay off drug lords for that