[navyblue]

And then they nationalize all of the factories that have moved down there as a result of NAFTA.

Didn't they do something like that with U.S. oil companies in the first part of the 20th century?

[kcar]

The Mexican Constitution of 1917 gave the state the right to expropriate property, including that owned by foreign nations, when the property was deemed useful for improving social conditions. This caused rising US tensions in the 1920’s.Because of a good neighbor policy, the United States accepted compensation for seized assets. The United States did enforce a boycott of Mexican oil for thirty years.

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