Title: The causes of the rise in the prices of basic necessities in the DRC: a consequence of the neo-colonial system
Introduction :
The Democratic Republic of Congo is facing a rise in the prices of basic necessities which is impacting the purchasing power of its population. This worrying situation is justified by the Public Expenditure Observatory (ODEP) by the perpetuation of the neo-colonial system. In this article, we will analyze the different factors that contribute to this high cost of living in the DRC and highlight the consequences of the historical economic exploitation of the country.
The neo-colonial system: an obstacle to economic development
ODEP identifies the perpetuation of the neo-colonial system as one of the main issues leading to rising prices of basic necessities in the DRC. The historical economic exploitation of the country continues to have consequences on its current situation. Foreign companies, often in collusion with local elites, take advantage of the country’s natural resources without really benefiting the population. This situation hampers economic development and contributes to rising prices of consumer goods.
Inappropriate economic policies:
ODEP also raises the inappropriate application of liberal economic theories in the development of public policies. Economic approaches favoring free competition and reducing state intervention do not take into account the specific realities of the DRC. Consequently, the economic policies put in place fail to stimulate growth and improve the living conditions of the population.
The complicity of the ruling classes with imperialism:
Another cause of rising prices is the complicity of the ruling classes with imperialism. The close ties between certain Congolese political and economic elites and foreign powers have an impact on the country’s political and economic decisions. This often leads to unfair deals that favor foreign interests at the expense of the well-being of Congolese citizens.
Endemic corruption:
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. This contributes to the inefficiency of public institutions and the impoverishment of the population.
Conclusion :
The rise in the price of basic necessities in the DRC is a worrying reality that affects the purchasing power of the population. The ODEP highlights the various causes of this situation, in particular the perpetuation of the neo-colonial system, unsuitable economic policies, the complicity of the ruling classes with imperialism and endemic corruption. To improve the living conditions of the Congolese, it is essential to put in place more equitable economic and governance policies, as well as effective measures to fight corruption