Part of the issue is that the cartels have always provided a sort of summer camp for psychopaths.
Charles Bowden wrote a bit about how absolutely terrifying it was to be anywhere in the proximity of these organizations.
By formalizing it, you would be essentially giving a formal role to guys who cut people's limbs off with chainsaws and post videos of it on LiveLeak.
Fighting the cartels leads to unimaginable violence, and leaving them alone just leads to them infiltrating every single level of the Mexican government, and carrying on with the violence anyway.
It is the sorrow of the country to be situated by an accident of geography between the single biggest market for meth and cocaine on the planet (who also happens to sell lots of military-grade weapons to anyone with a pulse), and the largest cocaine producing region on the planet.
There are countries that routinely chop peoples heads off in a form of due process that we would not recognize or respect for seemingly minor actions. Even the most developed nations have laws to chop off the hands of thieves.
We vilify and drone people with the same belief systems merely because they are not associated with an existing state, non-state combatants.
There is simply no distinction I can lean on that would lead me to avoid formalizing reality. The concept of the state simply isn't legitimacy to me, it is just consensus. Cartels already have that consensus and act like public enterprises in their region.
Do notice, I’m not arguing for anything to occur, I am recognizing that nobody has to ask permission to achieve access to the capital markets and noticing how that fits types of organizations that are not welcomed in established capital markets.
If I understand correctly what you are saying, you are arguing that we take the world as it is, not as we wish it to be. I very much respect that position.
However, I would argue that there is definitely not a consensus. The Mexican people are fighting with their lives against these organizations.
Mexico has a central government that is weak in some respects. Their judicial system is not what it needs to be. Certain transnational criminal organizations have taken advantage of this to establish enclaves of power.
That does not mean that they are recognized as legitimate political entities by the Mexican people and should be given some formal recognition of authority by the Mexican government or the country's neighbors.
Say my neighbor is in my front yard waving an AR-15 and screaming at me that trash day was yesterday and I need to bring my garbage cans in. I'm sure as hell not going out there to talk to him, but that doesn't mean I recognize him as the new de-facto mayor of my front yard. He's just the lunatic in my front yard screaming at me who I'm going to do my best to avoid, and hopefully at some point the cops will show up and get him out of my yard.
Right. Its a good message and diverges a bit from my point:
All organizations can access the capital markets now. It a waste of public resources from the “legitimate” states to try to whitelist transactions so stop burdening everyone over that because its pointless. The end.
I am curious how the market will value these enterprises if they begin giving steady dividends. The price discovery is fascinating.
Charles Bowden wrote a bit about how absolutely terrifying it was to be anywhere in the proximity of these organizations.
By formalizing it, you would be essentially giving a formal role to guys who cut people's limbs off with chainsaws and post videos of it on LiveLeak.
Fighting the cartels leads to unimaginable violence, and leaving them alone just leads to them infiltrating every single level of the Mexican government, and carrying on with the violence anyway.
It is the sorrow of the country to be situated by an accident of geography between the single biggest market for meth and cocaine on the planet (who also happens to sell lots of military-grade weapons to anyone with a pulse), and the largest cocaine producing region on the planet.