The Money in physical form such as banknotes and coins. & Crises Podcast from CashEssentials: Conversations with experts on major issues facing the use of cash by societies in crisis.
In this podcast, James Shepherd-Barron talks to Brett Scott about his latest book ‘Cloudmoney‘. In a wide-ranging discussion, they take a deeper look at the political economy of cash and the ideology driving the erosion of cash-based systems.
“Many of us rarely use cash these days. And the reach of corporations into our lives via cards and apps has never been greater. But what we’re told is natural and inevitable is actually the work of powerful interests: the great battle of our time is for ownership of the digital footprints that make up our lives.
Who benefits from a cashless society and who gets left behind? Is the end of cash the end of true privacy? And is a cashless future closer than we think?
Cloudmoney tells a revelatory story about the fusion of big finance and tech, which requires physical cash to be replaced by digital From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... or ‘cloudmoney’. Diving beneath the surface of the global financial system, Brett Scott uncovers a long-established lobbying infrastructure waging a covert The expression refers to various policies by governments and campaigns run by other stakeholders, including providers of alternative payment instruments, aimed at reducing or at abolishing the use of cash altogether. This includes for instance the withdrawal of high‐denomination banknotes or restrictions on cash transactions as well as spreading misinformation on the usage and properties of cash., as banking and tech companies promote a cashless society under the banner of progress.
From marketing strategies against cash, to the weaponization of Covid-19 to advance fintech platforms, and the cryptocurrency rebels and fringe groups pushing back, Cloudmoney takes us to the frontlines of a war for our wallets that is also about our freedom.”