Many books have been written about the disastrous effects imperial colonialism had on emerging markets in the 19th and 2oth centuries, but not many have been written about the shift from overt kinetic colonialism toward financial colonialism. In this rip of TFTC Alex Gladstein describes how France has financially colonized over a dozen countries in Africa with the CFA currency, which they have used as a weapon to exert power and siphon off resources from African citizens. The problem of financial colonialism isn't contained to the relationship between France and the African nations it harasses. It extends to the halls of the IMF and World Bank, which use their power and influence to burden emerging markets with unpayable debt that prevents them from getting ahead economically.
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