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The dangers of a cashless society : the case of Sweden





In Sweden, the move towards a cashless society has been so rapid there are concerns it has resulted in financial exclusion, with buses no longer accepting cash and some other providers of basic and essential services, such as chemists, now frequently declining to accept coins.

More than half of the country's banks have stopped allowing customers to withdraw cash or pay in notes and coins over the counter, while shops and other merchants are permitted by law to refuse cash payments. It has led to unhappiness among hundreds of thousands of pensioners. A backlash got fully under way when both Ikea and the country's hospitals announced they were no longer accepting cash.

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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









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