Cashless society, or the new illusion of a virtual world

Illustrative Picture : PIXNIO - pixel2013
Illustrative Picture : PIXNIO - pixel2013
If you look up "cashless" on Google, you will inevitably find articles that argue the future is cashless and cash is old news. But…that isn't entirely true.

If you look up "cashless" on Google, you will inevitably find article after article both praising it and proclaiming it as the future. They are essentially saying "cash is old news." But…that isn't entirely true.

And before you write me off as just another old school traditionalist, I'm actually a millennial, also known as a digital native. As such, I have seen how technology has changed and disrupted so many industries, but I have also seen where experts' predictions of what industries technology will destroy have fallen short.

There are two main reasons why I think the cashless trend may be a bit overblown.


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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.

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No cash, no freedom, for better or for worse, an Australian example