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by foogazi 472 days ago
Honestly your’s is the naive take here:

> 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