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  1. #1
    Council Member davidbfpo's Avatar
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    Default Why we should fear a cashless world

    By a financial writer in The Guardian and sub-titled:
    Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance
    Link:http://www.theguardian.com/money/com...ld-contactless
    davidbfpo

  2. #2
    Council Member Firn's Avatar
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    Default

    Italy has certainly stepped up it's efforts to increase the share of digital transactions at the expense of cash transfers. To some extent I do actually support this move however in some areas we have gone in my humble opinion too far.

    There have been already a good amount of input into the discussion but maybe it is worthwhile to add that cash provides key benefits at an expense to the taxpayers - not the agents of the specific transaction. You also don't need a credit score or a seal of approval to hold and use cash.

    Maybe the poor are indeed hit harder by the push towards digital transactions, I take a look at some studies.
    ... "We need officers capable of following systematically the path of logical argument to its conclusion, with disciplined intellect, strong in character and nerve to execute what the intellect dictates"

    General Ludwig Beck (1880-1944);
    Speech at the Kriegsakademie, 1935

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