A STATE RICH IN WEALTH -- AND OPPORTUNISM
New Mexico is rich.
That’s not a joke.
It possesses a sovereign wealth fund with a net asset value of more than $28 billion. To put that figure in perspective, the state’s permanent funds have amassed a fortune worth more than the annual revenue for Starbucks.
So why is the Land of Enchantment afflicted with some of the worst socioeconomic conditions in th…