With physical, legal money in circulation, it’s very difficult to remotely control what someone buys.
But when all money is exclusively digital, it will be very easy to control remotely what everyone buys as all money will be linked to digital accounts and transaction systems that can be monitored, or regulated.
Now, why would we want a remote, external force to control what we do with our money – albeit, digital money? And can we trust an external force to always – in perpetuity – have our best interests at heart?
Because once we lose physical money it will be a gargantuan effort to get it back and we’ll be, literally, for the rest of history, dependent on this external force to manage this digital system, determining our choices, defining what we can buy, where we can buy, in what quantities, how much time we have before the money we’ve earned expires, and whether we can buy at all.
Would the same people who seem quite happy knowing thousands of people in Gaza died whilst buried under rubble, and who now are allowing severe fuel shortages to occur and all the consequences accruing from this, feel squeamish about blocking someone’s digital account and stopping them from buying anything, selling anything, and even working?
