by ZihuaRob ⌂ @, Zihuatanejo, México, Sunday, May 21, 2023, 09:57 (13 days ago) @ mindpilot

Mexico happens to be home to the world's largest lithium deposits. AMLO could nationalize that resource and send every Mexican citizen a check. Like they do in Alaska with the oil. I mean isn't that the whole concept of nationalizing a resource, it belongs to all the citizens?

OTOH, we have no real idea what kind of pressure AMLO is under from the big international banks, multi-national corporations and rich-country governments. And China.
Also why climate change will never really get addressed. But we can all drive EVs, install solar panels, recycle and feel like at least we are not making it (much) worse.

Thanks to Art. 27 of the Constitución Mexicana, Mexico doesn't have to nationalize its lithium. It already belongs to the federal government. What AMLO and his government DID nationalize was the mining and exploitation of lithium so that no private enterprise can do so. The entire lithium market in Mexico belongs to the nation.

Senado de México aprueba reforma para nacionalizar la explotación de litio

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