Today’s urban-regional divides echo older colonial extraction patterns.

Evidence

These trends illustrate how neoliberalism has evolved. Our meaning of the term ‘periphery’, which entered the lexicon via world systems theory, has evolved. The underlying neoliberal ideology that has created these urban– regional divides in our advanced nations in recent decades is, in fact, an advanced expression of the earlier extractive mechanisms that the wealthy have used for centuries to further their ambitions through invasion and occupation (colonialism). In that context, the ‘periphery’ referred to the less developed nations who were functionally related to the ‘core’ nations, where wealth and economic power was concentrated. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 9 (#corroborates, via linked claim)

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 (#corroborates, via linked claim)

Categorization

  • XREF: connects to: Contemporary neoliberal urban divides are modern expressions of colonial extraction — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 9; U.S. territories remain colonial arrangements under new vocabulary.; The colonial resource grab morphed into a neoliberal regime that maintained extraction mechanisms — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 28 (+2 more)

Broader Connections