A law has recently been approved that grants the state the power to decide on workers' savings. In short, the government has just expropriated Infonavit, where Morena and its allies have obtained 2.4 trillion pesos. This raises the possibility that workers' savings may be managed arbitrarily and without transparency.
An illustrative comparison would be to imagine that a neighborhood association decides to manage the money you have been saving with your family to remodel your house, without providing explanations and deciding how to spend it. Essentially, this would be a confiscation of those savings. The next step targets the pension funds (Afores) of 74 million Mexicans, which amount to over 6 trillion pesos, becoming potential sources of funding for political campaigns.
Octavio Romero Oropeza, close to López Obrador, is responsible for managing these funds. The absence of accountability mechanisms and the possibility of direct contracts favor opacity and potential misuse of resources. This reform of Infonavit sets a serious precedent for abuse of power, where the ruling party can dispose of funds that do not belong to it, without any checks.
Workers' unions and employer associations have expressed their opposition to this reform, which grants excessive power to the government, which has not contributed economically to Infonavit. Despite attempts to limit this power, it seems that the path is clear for the funds to be used at discretion. This scenario raises serious concerns about the transparency and proper management of workers' savings in the future.
