The MMT Podcast with Patricia Pino & Christian Reilly cover image

#12 Fadhel Kaboub: Monetary Sovereignty, Colonialism and Independence

The MMT Podcast with Patricia Pino & Christian Reilly

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Navigating Financial Sovereignty

This chapter explores the degrees of financial sovereignty among nations, particularly focusing on developing countries facing economic crises. It discusses the implications of currency issuance, reliance on foreign currencies, and the colonial legacies affecting financial independence, with a particular spotlight on the CFA franc in Africa. The conversation advocates for a paradigm shift towards local capacity building and equitable taxation to address systemic inequalities and empower nations to break free from exploitative economic dependencies.

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