SYNDICATED COLUMN: Next: Digital Totalitarianism
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The Conspiracy to Abolish Cash For many years figures on the political fringe, especially on the right, have claimed that the government and its corporate owners want to transform us into a cashless society. Their warnings about the conspiracy against paper money fell on deaf ears, primarily because the digitalization of financial transactions seemed more like the result of organic business trends than the manifestation of some sinister conspiracy. Now, however, those who want to do away with liquid currency are stepping out of the shadows. They talk about increased efficiency and profit potential, but their real agenda is nothing less than enslavement of the human race. “Physical currency is a bulky, germ-smeared, carbon-intensive, expensive medium of exchange. Let’s dump it,” argued David Wolman in Wired. Citing a 2002 study for the Organization for Economic Development that states “money’s destiny is to become digital, ” a Defense Department-affiliated economics professor has authored an Op/Ed for The New York Times that…
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