Title: “Rising prices of basic necessities in the DRC: an impact of the neo-colonial system”
Introduction :
The Democratic Republic of the Congo is facing soaring prices of basic necessities, thus affecting the population and reducing its purchasing power. A recent survey conducted by the Public Expenditure Observatory (ODEP) highlights several factors that contribute to this worrying situation. Among these, the neo-colonial system is singled out as one of the main culprits. In this article, we will examine in detail the reasons given by ODEP and the consequences of the historical economic exploitation of the country.
The weight of the neo-colonial system:
According to the ODEP, the persistence of the neo-colonial system is one of the major causes of the rise in the prices of basic necessities in the DRC. The consequences of the country’s historic economic exploitation continue to have a devastating impact on its current situation. Foreign companies, in collusion with local elites, take advantage of the DRC’s natural resources without really benefiting the population. This situation hampers the economic development of the country and contributes to the rise in prices of consumer goods.
Inappropriate liberal economic theories:
Another reason put forward by ODEP is the inappropriate application of liberal economic theories in the development of public policies in the DRC. These economic approaches favoring free competition and the reduction of state intervention do not take into account the specific realities of the country. As a result, the economic policies put in place fail to stimulate growth and improve the living conditions of the population.
Complicity with imperialism:
The ODEP investigation also reveals the complicity of the Congolese ruling classes with imperialism. The close ties between certain political and economic elites in the country and foreign powers influence political and economic decisions, often to the detriment of the well-being of Congolese citizens. These inequitable agreements favor foreign interests to the detriment of the country’s development.
Corruption and embezzlement of public revenue:
Finally, endemic corruption and embezzlement of public revenues are scourges that hinder good governance in the DRC. Funds that should be used for the development of the country and the improvement of public services are often diverted for personal gain, thus contributing to the impoverishment of the population and the inefficiency of public institutions.
Conclusion :
ODEP highlights several factors that explain the rise in prices of basic necessities in the DRC. The neo-colonial system, the inappropriate application of liberal economic theories, complicity with imperialism and endemic corruption are all causes that hinder the economic development of the country. More equitable economic policies, an effective fight against corruption and better governance are necessary to improve the living conditions of the Congolese population and restore their purchasing power. It is essential that the Congolese government takes these issues into account and seeks appropriate solutions to guarantee a better future for all