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http://avispa.org/2016/06/24/state-terrorism-and-education-the-new-speculative-sector-in-the-stock-market/ The reasons why the Mexican government wants to impose the Educational Reform, even if it means killing people, as with the massacre in Nochixtlán by repressive state forces on June 19, are rooted in economic objectives guided by international financial organizations. The reform, proposed by the Organisation for Economic Co-operation and Development (OECD), with the *OECD-Mexico Agreement* *to Improve the Quality of Education in Schools of Mexico*, aims to lay the groundwork to shift education from being a State responsibility to instead being resolved in the realm of the financial market. One of the state’s actions accompanying the Educational Reform is the issuing of bonds to the speculative market. Just over a year after the adoption of the reform, in December 2015, the first educational bonds or National School Infrastructure Certificates (CIEN) were issued by the Mexican Stock Exchange, which investors BBVA Bancomer and Merrill Lynch purchased for 8.581 billion pesos. When a company or state issues bonds, the investors who buy them are lending them money in exchange for the issuer – in this case the Mexican State – committing to pay the interest at fixed intervals over a predetermined period of time. These payments will be made every six months and by the states and their inhabitants. With the educational bonds, the state aims to attract investors to this sector and, in a first stage, aims to renovate existing infrastructure and promote the development of new schools and basic services. That is, the state has converted the bonds into a given number of common stocks to attract investors to this sector that, since its establishment, is seen as another company that will have to generate profits for shareholders. The Educational Reform is part of the Structural Adjustment Programs (SAP), guided by the World Bank (WB), International Monetary Fund (IMF) and the Inter-American Development Bank (IDB). In total, 11 structural reforms have been approved: labor, the treasury, education, finance, energy, reform on transparency, political and electoral reform, reform in telecommunications and broadcasting, the new court-ordered protection law, the national criminal procedures code, and reform in economic competition. Twenty-two more reforms still need to be approved. _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
