• sunzu2
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      fedilink
      62 days ago

      The French run a neo colonial empire… Ask them about that. Or how they CFA franc regime operates although PR so bad I think they stopped stealing interest on deposit.

      • @d00ery
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        22 days ago

        My apologies, I didn’t know about this. https://hir.harvard.edu/true-sovereignty-the-cfa-franc-and-french-influence-in-west-and-central-africa/

        The Macron-Ouattara announcement represents a needed reform. But it is just one of many that needs to happen. Going forward, the challenge will be to keep the benefits of the CFA franc monetary zone, namely a stable currency and low inflation, while transitioning to a new institutional system away from France. A monetary system that holds a former colonial power as the guarantor, regardless of announcements or agreements, will always ultimately fail to eradicate neocolonialism.

        • @[email protected]
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          22 days ago

          Nah, overseas France voted to stay as part of France. After we got our asses kicked in the Algeria War we pretty much let go anyone who wanted to leave as a colony.

          The thing is that for Africa special deals were made, which means that France still retains some vestiges of its former colonial power on Africa, which are abused by France at the detriment of African countries