The colonial resource grab morphed into a neoliberal regime that maintained extraction mechanisms

Evidence

Things didn’t improve for the former African colonies after France joined the eurozone. In fact, a nasty cocktail has emerged with the ongoing currency arrangements, merging with the neoliberal austerity bias of the eurozone to further limit hopes for African prosperity. The unseemly colonial resource grab thus morphed, later, into a neoliberal regime that maintained the extraction mechanisms and increased inequality. But it was a creeping process. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 28

Categorization

• XREF: Parallels the book’s earlier thesis about the colonial pact persisting in new form; also connects to Piketty-type arguments about inequality regimes persisting across eras. — connects to: Today’s urban-regional divides echo older colonial extraction patterns.; The colonial vertical-integration trade model persists despite reoriented trading partners; The mode of surplus extraction reveals the hidden foundation of the entire social edifice (+17 more)

Related

• Today’s urban-regional divides echo older colonial extraction patterns. (similarity 0.89)
• The colonial export economy locked the freed colony into sugar and coffee production. (similarity 0.89)
• Contemporary neoliberal urban divides are modern expressions of colonial extraction (similarity 0.87)
• The colonial vertical-integration trade model persists despite reoriented trading partners (similarity 0.85)
• Colonialism dismantled viable local economies to serve metropolitan profit (similarity 0.85)
• Resource pooling across colonies was needed to justify acquisition costs. (similarity 0.85)
• The new Republic’s economic survival hinged on continued colonial aid (similarity 0.81)
• Core nations need peripheral resource extraction to prevent realisation crises (similarity 0.81)
• Colonial taxation chiefly aimed to force locals into the colonial capitalist system (similarity 0.81)
• Decolonization dissolved empire-specific protected markets into a single global market (similarity 0.80)
• Colonialism and capitalism form two sides of one continuous dispossession process. (similarity 0.79)
• Decolonisation pressures arose before colonial conquests even finished (similarity 0.79)
• Taxation in colonial currency was designed to force conversion to capitalism. (similarity 0.79)
• Free capital movement drains franc-zone resources to the rest of the world. (similarity 0.79)
• The colonial currency’s association with taxes drove local resistance to it (similarity 0.79)

Broader Connections

• Capitalist accumulation was built on colonial conquest and enslavement. #expands (0.70) — Roxanne Dunbar-Ortiz, An Indigenous Peoples’ History of the…, 82
• Colonial taxation chiefly aimed to force locals into the colonial capitalist system #expands (0.60) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 58