It may be just electioneering: López Obrador leaves office in September, and he really wants his party’s candidate, former Mexico City mayor Claudia Sheinbaum, to win the presidential elections. López Obrador has made other unfulfilled promises in the past, like pledging Mexico would have a health care system “better than in Denmark." But the cost of what López Obrador is proposing for pensions is striking. The other half of Mexicans, who work under the table in the ‘informal’ economy, have no pension program at all. It seems unlikely to be achieved, so why would López Obrador propose it?

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