Financial Surveillance becomes stronger because of Cashless Economy

When the Supreme Court considered the issue of financial privacy under the Bank Secrecy Act in the 1970s, we were living in a really different time. Online shopping, Apple Pay, and tools like PayPal and Venmo didn’t exist yet. But even as our financial lives have become increasingly complex, digital, and detailed, the Supreme Court hasn’t revisited its approach to our rights. Instead it has allowed this information to be handed over by default to the government, ensnaring hundreds of millions of nonsuspect people instead of just carefully targeting a few suspects . Marta thinks it’s time to revisit this situation.

Marta offers a deep dive into financial surveillance and censorship. In this episode, you’ll learn about:
The concept of the third party doctrine, a court-created idea that law enforcement doesn’t need to get a warrant to access metadata shared with third parties (such as companies that manage communications and banking services);

How financial surveillance can have a chilling effect on activist communities, including pro-democracy activists fighting against authoritarian regimes in Hong Kong and elsewhere;

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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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