Mass Surveillance loves Cashless Society

Unlike payments made in cash, digital payments carry a lot of meta data, along with being linked to accounts and troves of personal data. These qualities put an individual’s privacy at risk, and the privacy loss increases relative to dependency on digital payments and third-party facilitators.

When we pay with cash no one is recording the transaction, beside ourselves and the other party. There are no third parties that need to give us the green light. In this way, cash payments offer a form of financial freedom that cannot exist in the digital economy, and they protect us from unwanted breaches of privacy.

In a cashless society, every purchase a citizen makes is “authorised and recorded by a privately run commercial bank, giving it a transaction-by-transaction history of your entire commercial life,” warns The Guardian’s Brett Scott.

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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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