In this thought-provoking episode of Explaining History, we turn our focus to a pivotal period in Latin American economic history – the collapse of Mexican neoliberalismSupply Side Economics Full Description:Supply-Side Economics posits that production (supply) is the key to economic prosperity. Proponents argue that by reducing the “burden” of taxes on the wealthy and removing regulatory barriers for corporations, investment will increase, creating jobs and expanding the economy. Key Policies: Tax Cuts: Specifically for high-income earners and corporations, under the premise that this releases capital for investment. Deregulation: Removing environmental, labor, and safety protections to lower the cost of doing business. Critical Perspective:Historical analysis suggests that supply-side policies rarely lead to the promised broad-based prosperity. Instead, they often result in massive budget deficits (starving the state of revenue) and a dramatic concentration of wealth at the top. Critics argue the “trickle-down” effect is a myth used to justify the upward redistribution of wealth. between 1994-5. Drawing from John Gray’s incisive book “False Dawn,” we delve into the intricacies of this economic implosion and its far-reaching implications.Our exploration takes us through the establishment of neoliberal economic policies in Mexico, their relationship with the North American Free Trade Agreement (NAFTA), and