5 ms·
I tried the other languages as well. All the same authors, same pieces rehashed. Nothing like a source to base your opinion on, imho. I'd even trust Krugman at
by wjnc 12y ago
I tried the other languages as well. All the same authors, same pieces rehashed. Nothing like a source to base your opinion on, imho. I'd even trust Krugman at this point ;) I don't read French easily, but even Google Scholar seems to hold the same coloured content.
On the contents: a central bank scheme indeed. And in normal circumstances your central banks profits fill the coffers of your state. In this case the problem is the profits are not divided among stakeholders, only to the shareholder (the French).
Well the solution is 'simple': start your own currency. My impression is that those countries greatly benefit from a more stable currency (haven't looked it up at Bloomberg), since there is an implicit guarantee from the French state (is there?). We need a more total picture (costs and benefits) in order to be able to form somewhat of an opinion.
- meric 12y agoHere is a good quora question. http://www.quora.com/Is-it-true-that-14-African-countries-are-still-forced-to-pay-colonial-taxes-to-France http://www.quora.com/Is-it-true-that-14-African-countries-ar... http://skeptics.stackexchange.com/questions/26503/do-african-countries-have-to-pay-a-colonial-tax-to-france http://skeptics.stackexchange.com/questions/26503/do-african...
- andymcsherry 12y agoHere's a Blomberg article in the matter which suggests the rationale of a more stable currency. http://www.bloomberg.com/bw/articles/2014-04-17/african-monetary-union-stirs-criticism-of-france http://www.bloomberg.com/bw/articles/2014-04-17/african-mone...
- cyphunk 12y agoone could also argue they would benefit from traditional colonization. whether beneficial or not this central banking setup is colonization by proxy.