> What colonies are you referring too? The last one was Djibouti in 77...
Monetary exploitation is the most effective means of bondage and most widely accepted form to exert control over a population because it is required for any transaction that doesn't get solely resolved by violence, in doing so you can essentially tax, govern, and structure Society without the need or expense of an occupying presence just the occasional military operation to remind them of said colonization: up until 2020 or so the CFA was used in 8 African nations and had a dire strain on those nation's people [0]. You should listen to Francis Ngannou's talk about the effective bondage African nations were operating under French rule because of the CFA that made trade between even neighboring African nations impossible.
Colonialism takes on many faces, but as the saying goes: He who controls the money supply of a nation controls the nation.
> go and have a read about the CFA franc
Agreed, also look into why France has had continual conflicts in the Ivory Coast to see how it achieved this.
Edit:
> Aren't states free to adopt or drop the CFA franc? How does that make them colonies?
They were not free to do so, at all; as I said in a response HN won't let me post (posting too fast prompt) it would benefit most on HN to focus on why Fintech matters, it's more than just writing lines of code aimlessly and for it's own sake to create some new toy that can and will be soon forgotten on Github. Despite the prevailing narrative, it's not just the domain of what many regard as 'techbros,' but rather it's an approach to effect and enhance Society when done right in a more nuanced manner coming from a well informed understanding of how and why Society functions they way it does.
Hence why I used the quote that I used by a former US president to underscore what was written in a concise manner.
0: https://www.cnn.com/2019/12/23/africa/france-stops-use-of-cf...