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Andrés Manuel López Obrador takes office on Dec. 1, but his governing style is already under widespread scrutiny. His public consultation and ultimately unilateral decision to halt construction of Mexico City’s new Texcoco airport led the peso and the stock market to sharp declines. For Luis Rubio, AQ contributor and chairman of the Mexican Council on Foreign Relations and the Center for Research and Development (CIDAC), these measures signal a nostalgia for the old-establishment governance of 1960s Mexico. “It’s like trying to put the genie back into the bottle; it’s impossible,” said Rubio of AMLO’s plan to restore power to the presidency. “The world has changed.” One long-term consequence of the airport decision, Rubio told AQ Editor-in-Chief Brian Winter, is that “everyone will double-check before making an investment” in Mexico under the AMLO administration.
