I mean, the CFA franc is one part of the system. governments can willingly become a part of a system that’s exploitative when they see some advantage. Usually it’s the people on the receiving end of shock therapy that get the negative consequences while a minority cash out.
We’re not talking about the CFA franc; we’re talking about neocolonialism, about World Bank and IMF debt traps and imposed neoliberal shock therapies.
Who is “we”? Diva mentioned the CFA franc, and I responded to that. That’s what we’re talking about.
But your criticism of the IMF and World Bank is justified.
I mean, the CFA franc is one part of the system. governments can willingly become a part of a system that’s exploitative when they see some advantage. Usually it’s the people on the receiving end of shock therapy that get the negative consequences while a minority cash out.