(1)Carlos Slim, Mexico’s largest conglomerate
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(2)When all kinds of public facilities in Mexico were privatized in the late 1980s, they swept away Mexico’s industrial base and became Mexico’s richest man by banking on political and economic collusion and huge financial power
(3)Carlos Slim monopolizes all areas of Mexico, from wired and wireless financial restaurant chains, tobacco tires, aluminum manufacturing tiles, Internet services, computer and aviation broadcasters, with octopus-style management through more than 220 subsidiaries. Among them, the telecommunications market share reached 92
(4)Carlos Slim’s empire accounts for 8 of Mexico’s GDP, and 13 of the stocks traded in Mexico’s entire stock market belong to companies controlled by Slim. More than 200,000 people work under Slim alone
(5)If you spend $10 in Mexico, one dollar goes into Slim’s pocket. In Mexico, there is a saying that you can’t spend a day without calling out Slim’s wealth. Mexicans can’t escape Slim’s influence from birth to death
(6)Carlos Slim wields enormous influence in the political world by launching various political threats and lobbying campaigns, regardless of ruling and opposition parties. Slim’s attempt to impeach the president who pursued privatization to the extent that he had won monopoly rights in the fixed-line phone business was blocked by him. In 2006, Mexican lawmakers ignored the WTO’s demand to investigate Slim’s telecommunications company Telmax. Mexican lawmakers would vote down a bill that would interfere with Slim if it were the U.S., the conglomerate would remain intact even if it was forced to withdraw anti-trust laws and split into dozens of branches because of such political and political collusion
(7)If the drug cartel is the emperor of the night, Carlos Slim is the emperor of the day
(8)That’s why even Joaquin Guzmán’s Sinaloa Cartel, which the president regards as ridiculous, doesn’t dare to touch Carlos Slim. First of all, the financial resources available are different and, crucially, all legal power in Mexico is in Carlos Slim’s hands, so even if the Sinaloa Cartel that El Chapo defeated when the police arrested him, if Carlos Slim, who wielded all of his power in the sun, were to be subjected to a different level of military pressure than ever before when the president was in charge of the cartel sweep, or because he would almost be ripped apart by another cartel under Slim’s instruction
(9)one-line summary
(10)Mexico’s power hierarchy Carlos Slim>>>>>>>Drug Cartel>>>>>>>>>Mexico President
(11)A man who once beat Bill Gates to become the richest man in the world
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