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Forbes magazine has this front-page spread titled “Mexican Meltdown” detailing the country’s recent violence and noting that there is “urgent concern” of the threat it poses across the border.

A snippet:

Is Mexico descending into criminal and economic chaos? “Failed state? That is a very irresponsible remark,” bristles Arturo Sarukhan, Mexico’s ambassador to the U.S. “The challenge of corruption is being taken on. We are rooting out people who have been infiltrated. Look at the role of the Mexican private sector and civil society. Nowhere can you see signs of anything akin to a failed state.”

But there is urgent concern north of the border about a potential strategic threat. “We’re fixated on Iraq and Afghanistan, but from a homeland security perspective, right here on our border, isn’t this more important?” asks Fred Burton, a former State Department counterterrorism official, now a vice president at Stratfor in Austin, Tex.

Washington, D.C. is fretting, too. “The consequences for both our countries in the near future and the not-so-near future could not be greater,” says John Walters, director of the White House Office of National Drug Control Policy, a.k.a. the drug czar. “The consequences if President Calderón fails and the institutions of government, at least in the northern part of his country, become controlled by terrorist mafias—well, we worry about ungoverned spaces far away from the U.S., and this is right next door.”

The story package also features a number of side stories and Q&A.

ANDREW DONOHUE

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