It’s not in the interests of the ordinary person but it’s not a conspiracy either. A cashless society is a system run amok

It’s not in the interests of the ordinary person but it’s not a conspiracy either. A cashless society is a system run amok

11/30/2023

link

https://aeon.co/essays/going-cashless-is-a-bad-idea-but-its-not-a-conspiracy

summary

In this essay, the author argues that the increasing trend towards a cashless society is not a result of a grand conspiracy, but rather a combination of technological advancements and consumer preferences. The author raises concerns about the potential consequences of going cashless, such as the loss of privacy and the exclusion of marginalized communities who rely on cash transactions. The essay explores how cash has historically played a vital role in society and highlights the downsides of relying solely on digital and card-based payments. While acknowledging the convenience of digital payments, the author cautions against completely abandoning cash and emphasizes the need for a balanced approach that considers the potential negative impacts of going cashless.

tags

cashless society ꞏ digital payments ꞏ financial transactions ꞏ monetary system ꞏ economic policy ꞏ banking system ꞏ payment technology ꞏ cashless economy ꞏ financial freedom ꞏ privacy concerns ꞏ government control ꞏ convenience ꞏ financial surveillance ꞏ electronic money ꞏ digital currency ꞏ consumer behavior ꞏ financial security ꞏ alternative currencies ꞏ financial independence ꞏ technological advancements ꞏ financial inequality ꞏ financial inclusion ꞏ digital divide ꞏ economic impact ꞏ monetary policy ꞏ financial revolution ꞏ financial risk ꞏ consumer protection ꞏ financial regulation ꞏ payment infrastructure ꞏ economic efficiency ꞏ financial transparency ꞏ payment trends ꞏ financial innovation ꞏ financial literacy ꞏ economic sustainability ꞏ digital society ꞏ cash dependency ꞏ technological dependency ꞏ financial empowerment ꞏ economic development ꞏ income inequality ꞏ financial disruption ꞏ economic governance ꞏ financial sovereignty ꞏ financial stability