For more than three hundred years, Mexico City’s Baratillo marketplace was synonymous with crime, vice, and the most disreputable elements of urban society. Despite countless attempts to disband it, the Baratillo persevered, outlasting Spanish colonial rule and dozens of republican governments. In the twentieth century, transformed the neighborhood of Tepito it into a global hub of black-market commerce. Black Market Capital argues that the Baratillo and the broader shadow economy—which combined illicit, informal, and second-hand exchanges—have been central to the economy and the politics of M ... More

For more than three hundred years, Mexico City’s Baratillo marketplace was synonymous with crime, vice, and the most disreputable elements of urban society. Despite countless attempts to disband it, the Baratillo persevered, outlasting Spanish colonial rule and dozens of republican governments. In the twentieth century, transformed the neighborhood of Tepito it into a global hub of black-market commerce. Black Market Capital argues that the Baratillo and the broader shadow economy—which combined illicit, informal, and second-hand exchanges—have been central to the economy and the politics of Mexico City since the seventeenth century. The Baratillo benefited a wide swath of urban society, fostering unlikely alliances between elite merchants, government officials, newspaper editors, and street vendors. Vendors in the Baratillo turned their market’s economic appeal into political clout, petitioning colonial and national-era officials and engaging in the capital’s public sphere to defend their livelihoods. Using records from municipal and national archives in Mexico City, newspapers, travelers’ accounts, and novels, Black Market Capital reconstructs the history of one of Mexico City’s most enduring yet least understood institutions. It provides a new perspective on the relationship between urban politics, the informal economy, and public space in Mexico City between the seventeenth and the twentieth centuries.