Article
The world according to Slim [Mexico]
Carlos Slim, the Mexican entrepreneur with a net worth of some US$23.8 billion dollars, has taken it upon himself to put a fire under Mexico’s lukewarm economy by making it more egalitarian. Slim...is the owner of...Telmex, ...América Movil (called Telcel in Mexico), the huge conglomerate Grupo Carso (which contains retail outlets like Sanborns, Sears [Sears Roebuck de México] and El Globo bakeries, along with a wide range of manufacturing companies) and, together with Bill Gates, the Spanish-language Internet portal, T1MSN...[The] “national accord” he is pushing called the Chapultepec Pact...calls for a significant increase in both public and private investment in housing and physical infrastructure, and an “intensive” process of human capital formation (education and training)... Such investments are egalitarian, and redistribute economic power downward...