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[–] arrggg 0 points 9 points 9 points (+9|-0) ago
Mexican billionaire more than doubles New York Times stake
[–] Empire_of_the_mind 1 point 6 points 7 points (+7|-1) ago
Great comment and reminder for readers.
The thing you have to understand about Carlos Slim is how he made his money. He didn't craftily start up a business and sell products until he made billions. He didn't take a new idea and change his culture and society in the process. He didn't offer the consumer or business public something new that they all needed. No, Carlos Slim was friends with corrupt government officials when they deregulated the telecom industry in Mexico. He bought the phone company for nickels. He then proceeded to set the highest phone rates in the developed world and made an absolute fucking killing by overcharging diaspora-Mexicans who had the audacity to want to call their family's back home. If you know any Mexicans you probably know that they talk a lot and are very close with their family's. Slim was at one time the RICHEST MAN IN THE WORLD and he made almost all of that money by ripping off Mexican emigres.
He's a piece of shit exploiting poor people who fled his country because corrupt assholes like him made it impossible for them to live normal lives.