Post
Topic
Board Economics
Re: China moves further towards cashless society
by
gentlemand
on 03/10/2018, 17:28:06 UTC
The man's got a point. Why the hell should WeChat be a prerequisite for buying fruit at the market?

You shouldn't need a smartphone and a bank account to pay for a bundle of grapes. Roll Eyes

I'm glad I live in a place where people actually want cash, more than any of the alternatives.

So the Chinese government can control every possible aspect of the lives of their citizens.

Look up social credit in China. Link that to payments and you are well and truly fucked from every angle. If you fall out of favour with government edicts your life will be an order magnitude worse than some communist party robot.

Cashlessness is a vital element in enforcing it. I hope that ever increasing nightmarishness of Chinese society is taken on board by all the morons running towards cashlessness elsewhere. Once it's gone cash won't be coming back and it hands limitless power to those running it.