The Pri Is Running Against Itself

The ruling party is divided over its free-market reforms

When presidential candidate Robert Madrazo blasted Mexico's ruling Institutional Revolutionary Party at a speech to the party faithful recently, hundreds of PRI-affiliated unionists responded with standing ovations. Never mind that Madrazo is a long-time party member--and wants the party's nomination. He was targeting the PRI technocrats who Madrazo claims have favored the wealthy above the poor majority. "We've waited a long time for our macroeconomic results to translate into benefits for our people," Madrazo said. "Mexico must wait no longer."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.