Carlos Slim Hel, the richest businessman in the nation, expects that this failure won’t happen again because Mexico has missed numerous opportunities to rise to dominance in the world.
After several years away from México Siglo XXI, the annual gathering of Telmex-Telcel Foundation scholarship recipients, Slim Hel decided that retirement at 65 is silly. As a result, he suggested that people delay retirement until they are 75 and that the new workweek consist of three days.
There have been numerous six-year terms with abundant resources that Mexico has to “avoid making mistakes with because we have not known how to use them.” He responded to the question about what Mexico needs to become a global power by saying, “There was a golden age that was called’stabilizing development,’ during which we grew 6.8 per year with inflation of 2.5 percent for 12 years.
He claimed that between 1958 and 1970, the nation went through a period of import substitution, during which foreign exchange entered the country through tourism rather than remittances and oil was one of Mexico’s major sources of wealth.
Even though 460 billion dollars in oil revenue were collected during a six-year period, the businessman claimed that no one knew what happened to it.
The error has been that Mexico has had numerous opportunities, but we have not seized them.
He emphasized that it was incorrect to anchor workers’ pay in order to prevent inflation since “what needs to be done is for people to have money, purchasing power.
We obviously missed a few opportunities, but hopefully we won’t keep doing so, he insisted.
The businessman made the point that fighting conflicts militarily is foolish, and that for many years campaigns against poverty should be waged economically.
He added that rather than focusing on waging war, efforts should be made to increase market competition, fortify the domestic market, and encourage 50 million of the 130 million Mexicans living there to participate in the economy.
Fighting poverty is the best global investment, and all nations are required to do so by improving health, education, and human capital.
He stated that combating poverty is not only a moral and ethical concern, but also one of social fairness and economic necessity in this new civilization, which necessitates battling ignorance and marginalization and bringing people into the modern age through job, education, and healthcare.
He also suggested that working hours be 12 hours, three days a week, so that people may retire at 75 rather than 65 as they already do. Universities would no longer require undergraduate theses.
The notion that someone retires at 60 or 65 is ridiculous because, as service businesses, they do not require physical labor.
Considering that people can live up to 90 years old, he continued, this would prevent governments from falling bankrupt because they couldn’t afford to pay pensions.