The Political Economy of Mexican Oil
In 1867, Karl Marx observed that wealth “presents itself as ‘an immense accumulation of commodities,’” specifically in societies where the capitalist means of production reigns. More than two centuries have passed since Marx treated industrializing Continental economies in his writing, and commodities still reveal a great deal about capitalist societies, their politics, their economies and their wealth today. This philosophy very much encompasses the highly commodifiable petroleum reserves in Latin America, and the countries that house them.
