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The Cartel Math Isn't Mathing
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About this episode
Jacob Shapiro sits down with Victor Hernandez, a Mexican national security analyst, to stress-test his own optimism about Mexico. Hernandez argues the army now runs eight ministries' budgets, can't out-spy the cartels, and may face limited US drone strikes Mexico has no way to resist. El Mencho's death looks more like an ambush than a victory. Nearshoring pencils out on a spreadsheet - until corruption and parallel taxation eat the margin. A bracing case for what happens if Jacob's wrong. -- Timestamps: (00:00) - Intro and Framing (01:29) - Meet Victor Hernandez (02:44) - Victor Background and Career (05:00) - Army Trust and Corruption (07:38) - Blowback and Patriotism (10:25) - Morena and…