David McWilliams

So anyway, we are talking about the World Cup that Ireland did not qualify for.

We are now talking about Mexico.

We're going to talk about the Mexican economy.

Mexican politics, what is going on in Mexico.

The amazing thing about Mexico, John, it is the 13th largest economy in the world.

Really?

Yeah.

And people don't really ever contemplate economics when they talk about Mexico.

13th largest in the world.

It's America's number one trade partner in the world.

They grow lovely avocados and there's lots of drugs.

So we're going to talk about the... So Mexico is two economies.

You have...

The formal economy, it's actually three economies.

You've got the formal economy, which is taxed and above board, etc.

Then you've got the informal economy, which is basically the black economy.

And then you have the narco economy.

The narco economy is absolutely huge in relative terms.

And so what you find in Mexico is this strange, strange contrast between

in the north of Mexico in particular, should be called MexAmerica because it basically is part of the North American economy.