A lot discussion has been flowing around about elected president AMLO and his recent decisions. I will try to adapt his recent actions to the Signaling Model of Gift Giving seen on class.
I’ll allow myself to quote Professor Pancs:
“The good, a gift, is worthless to the recipient. Instead, the gift communicates to the recipient something about the characteristics of the giver. The communicated information increases the value of the relationship, and, hence, the giver is willing to spend resources on a gift. The same information cannot be credibly communicated without gift giving; the giver would simply lie.”
I believe we can adapt the latter paragraph to most if not all politics. To illustrate what I mean I’ll proceed to evaluate a little on the Mexico’s new airport project being cancelled. I will be using my personal opinion on this matter, and I apologize in advance to anyone that might feel offended; not the intention.
After pursuing presidency for more than 12 years, AMLO finally and legitimately won the elections, and before starting his mandate, he already cancelled the new airport construction. This is his gift, a gift that is worthless to the recipient, it may even be a cost. Instead, the gift communicates to the recipient something about the characteristics of the giver. To the free market economy, it communicates the new authoritarian way in which he intends to work; to the Mexican people it communicates change. President elect Andres Manuel had to give this gift, he had to show who is in charge now and how much change he intends to give the people. The same information cannot be credibly communicated without gift giving; the giver would simply lie. I believe this was the main reason for his choice, above all costs incurred, this message he sent was his gift.
I might have been a little dramatic, but the main idea still relies on signaling and politics (at least the most recent ones). I believe if we look deeper into this kind of examples we can find many other relationships, specially for Trump.
José I Avalos