
When we're introduced to the group, they are a soccer team knocked out of competition when the eponymous "M" fails to score even faced with an almost open goal. Naturally enough, in the changing room afterwards his team-mates bitterly complain at the fact that the has cost them all the opportunity to progress. As the film continues, however, it's not obvious if we should likewise criticize M for failing to make good on the chances he's given, or sympathize with the fact that these are at best only half-chances, dreams or scams.
For M is looking for a job, and at the outset he takes his task seriously, dressing up in suit and tie, paying an agency who guarantee him at least three leads a day, and queuing up for interviews. Nothing comes of his efforts, though, and meanwhile his landlady takes his stereo and his girlfriend walks out on him. While if M's vision of social ascent (or recuperation) is to come as a loyal employee, his friends try other approaches: one reconditions a beat-up car and starts working as a taxi driver; two others plan to become entrepreneurs and small-time businessmen by growing gardenias on a plot of land; and Pacho, who is both in some ways the leader of the group and always off to one side, is working on a still bigger plan.
Pacho claims to have met a Bolivian who needs mules to take coke to Miami. In return for transporting the drugs, the couriers stand to gain passports, visas, a ticket to the US, and $25,000 in cash.
M spends most of the film teetering on the edge of deciding whether or not he wants in on this risky scheme. While he's making up his mind, he is offered a job in construction, but quits after a day fed up, and another friend fixes him work in sales, commission only, but he packs that in, too, without ever really giving it ago. Again, are we to condemn him for his indolence (for above all M's passion seems to be for sleep) or to criticize a society whose worst failing may be the fact that it never quite fails its young, always giving the impression that they fail themselves.

But the school is already deserted and abandoned. There's no authority left to blame or betray. M is at best a Peruvian Bartleby, endlessly saying no, but the problem is that there's nobody to say no to.
YouTube Link: the first ten minutes of the movie.
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