Mexico - A US neoliberal experiment http://www.mexicosolidarity.org/programs/alternative-economy/neoliberalism

In addition to these three central historic moments, other events carry weight in defining the neoliberal model. The 1995 peso crisis generated US$50 billion in emergency loans from the IMF and an additional US$20 billion from the Clinton administration, in exchange for virtual veto power by the US Treasury over Mexico's economic decisions for the next decade. This is characteristic of perhaps the most profound and important element of neoliberalism - the usurpation of democracy - a characteristic that cuts across nearly every element of the neoliberal model.

Increasingly, transnational corporations and the political powers that defend their interests are gaining power at the expense of civil society, which often spent generations of struggle to win rights and protections. The neoliberal model removes economic decisions from the political arena and places them in the invisible hands of the market.

In practice, this means that economic decisions that have wide-ranging impacts on society are placed in the hands of private corporations. The loss of democracy is not an abstract, academic question. It is having a serious impact on the ability of people to control their lives and the future of their communities. The loss of democracy will have far-reaching consequences for generations to come.