Enough Is Not Enough – Call for Urgent Change in Mexican Economic Policy

By Saul Escobar ToledoMEXICO CITY, Aug 14 2020 (IPS) A group composed by women and men, called Nuevo Curso de Desarrollo (New Course for Development) based at the National University of Mexico recently published a document to propose a set of measures to change the current economic policy in Mexico. This proposal responds to a diagnosis of the current situation: at this point of the year, the serious social damage inflicted by the health and economic crisis can already be observed. As we know, in Mexico as in many other countries, there was a great economic disruption caused by COVID. Millions of people ceased to receive income from their work. However, the Mexican government has not carried out sufficient support measures to compensate for these losses. The result is easy to guess: many households have been rapidly impoverished. It is estimated that between 10 and 16 million people in April earned much less to the point of not being able to acquire the basic food basket , a situation that has continued for many of them during May, June and July. And while it is true that more and more workers are returning to their jobs, the losses caused have not been repaired. Saul Escobar ToledoThe lack of support has led many people to abandon their confinement to seek an income for their sustenance. This, in turn, puts the population in greater danger. The Group considers that this dynamic can be corrected: contain the pandemic, protecting sources of employment and revive the economy a...
Source: IPS Inter Press Service - Health - Category: International Medicine & Public Health Authors: Tags: Economy & Trade Financial Crisis Headlines Health Humanitarian Emergencies Labour Latin America & the Caribbean TerraViva United Nations Source Type: news