Episode 82 - "Cash Out"
South Korea is eliminating coins and requiring shoppers to upload their cash receipts to a digital database; Indians are still reeling from a 2016 decision that turned 86% of the country's...
Episode 82 - "Cash Out"
South Korea is eliminating coins and requiring shoppers to upload their cash receipts to a digital database; Indians are still reeling from a 2016 decision that turned 86% of the country's cash worthless in a matter of hours; migrants and refugees are being targeted for new schemes of financial inclusion, but not experiencing the promised benefits; US cities are retaliating against cash-only retailers eager to speed the flow of customers, increase spending, and surveil our every purchase while excluding undesirable demographics; and despite our technological proficiencies, fiction writers 500 years ago still had more creative solutions to our money woes.
It seems like a straight-forward topic and yet we still manage to ramble off script.
Chapters
09:08 The Age of Cashless
16:30 Resisting
21:11 Ancient Wisdom
25:56 India Demonetization
35:32 Refugee Services
47:54 Migrants and Music Festivals
51:37 The High Cost of Banking
58:19 The Psychology of Cashless
1:06:01 Surveillance and Control
A full transcript is available as well as detailed links and sources (plus credits and more) on our website ashesashes.org.
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