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"Please don’t let us go to a cashless society" says british former Member of the European Parliament Patrick James O'Flynn





Government and commerce seem to be reacting by withdrawing the cash option from many transactions. Cash is, for instance, no longer accepted on London buses, while some restaurants are moving to cashless systems too. The number of cashpoints is also shrinking fast, with rural communities being particularly hard hit. 
 
We hear a lot about “social exclusion” in many aspects of political debate, but very little to date about how the apparent decision from on high to push card payments over cash risks accentuating the trend. 
 
For while 80 percent of 25 to 34-year-olds now use contactless payment cards, the same is true of only 60 percent of those over 55. 
 
Perhaps older generations will simply have to adapt in order to keep functioning. But I suspect many will resist the rise of plastic and marginalisation of cash. There is, in truth, a degree of healthy scepticism about the remorseless rise of electronic payment cards among those of us who grew up taking good care of our money.


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The War Against Cash - 06/10/2021

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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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