Hang on to your cash. This dash to digitise payments is dangerous

14 Sep

https://www.theguardian.com/commentisfree/2017/sep/13/cash-digitise-payments-money-cashless

Published in The Guardian, written by Brett Scott who  is a campaigner and former broker:

“In granting financial corporations complete control over the money system, our every economic interaction ends up logged in their databases for analysis. ”

Do we want this?

 

 

One Response to “Hang on to your cash. This dash to digitise payments is dangerous”

  1. stuartbramhall September 15, 2017 at 7:25 am #

    If governments do away with cash, then people will create their own time banks, barter systems and local currencies. New Zealand has a number of time banks and local currencies left over from the 1990s recession – the one in Lytleton was virtually life saving in the aftermath of the Christchurch earthquake.

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