Cash lobbying is enjoying the COVID-19 crisis

In the context of legislative amendments and governmental coronavirus bailout packages, companies are aggressively lobbying in a bid to maximise their profits. In the US, commentators describe a lobbying gold rush — in the EU, opportunism under shelter of low-transparency virtual meetings: despite all the talk of criminals taking advantage of the outbreak, the table is set for a corporate feast of profiteering.

The widespread impact of national coronavirus isolation measures has led governments around the world to unveil massive financial bailout packages to protect their economies. In the US, President Donald Trump just signed off on a $2 trillion bailout package, the largest in history. While, in Europe, disagreement has delayed the exact outline for an EU rescue package, the European Central Bank predicts that €1.5 trillion is needed to protect member states.

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Why cash is needed - 07/19/2020

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view