If I understand correctly what you are saying, you are arguing that we take the world as it is, not as we wish it to be. I very much respect that position.
However, I would argue that there is definitely not a consensus. The Mexican people are fighting with their lives against these organizations.
Mexico has a central government that is weak in some respects. Their judicial system is not what it needs to be. Certain transnational criminal organizations have taken advantage of this to establish enclaves of power.
That does not mean that they are recognized as legitimate political entities by the Mexican people and should be given some formal recognition of authority by the Mexican government or the country's neighbors.
Say my neighbor is in my front yard waving an AR-15 and screaming at me that trash day was yesterday and I need to bring my garbage cans in. I'm sure as hell not going out there to talk to him, but that doesn't mean I recognize him as the new de-facto mayor of my front yard. He's just the lunatic in my front yard screaming at me who I'm going to do my best to avoid, and hopefully at some point the cops will show up and get him out of my yard.
Right. Its a good message and diverges a bit from my point:
All organizations can access the capital markets now. It a waste of public resources from the “legitimate” states to try to whitelist transactions so stop burdening everyone over that because its pointless. The end.
I am curious how the market will value these enterprises if they begin giving steady dividends. The price discovery is fascinating.
However, I would argue that there is definitely not a consensus. The Mexican people are fighting with their lives against these organizations.
https://en.wikipedia.org/wiki/Grupos_de_Autodefensa_Comunita...
Mexico has a central government that is weak in some respects. Their judicial system is not what it needs to be. Certain transnational criminal organizations have taken advantage of this to establish enclaves of power.
That does not mean that they are recognized as legitimate political entities by the Mexican people and should be given some formal recognition of authority by the Mexican government or the country's neighbors.
Say my neighbor is in my front yard waving an AR-15 and screaming at me that trash day was yesterday and I need to bring my garbage cans in. I'm sure as hell not going out there to talk to him, but that doesn't mean I recognize him as the new de-facto mayor of my front yard. He's just the lunatic in my front yard screaming at me who I'm going to do my best to avoid, and hopefully at some point the cops will show up and get him out of my yard.