Yeah, thanks but no thanks. I think most societies are moving toward being cashless, but my impression is that this is being driven by citizens and not government, i.e., people much prefer to use either debit/credit cards or their phones to pay for everyday things and at least in the US it's not being promoted by the government.
That's what blows my mind. I can't believe people aren't thinking this through. Paranoia aside, basing an entire country's spending on the dependability of a couple of card companies and a handful of banks is fooking barking.
In the UK there've been multiple moments of chaos when banking has crapped out.
At least Western cashlessness is a bit more segregated than the Chinese version. There most people spend through their Wechat account which basically offers up every detail, thought and preference of your entire life. The ideal place to turn off the taps.