The Cashless Society
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Questions and Answers

What was Else Knutsdatter accused of?

  • Causing a volcanic eruption
  • Using witchcraft to raise an ocean storm (correct)
  • Summoning evil spirits to cause harm
  • Conspiring to produce a storm

    • How many others were executed for conspiring to produce the same storm?

  • Twenty
  • Fifty
  • Ninety (correct)
  • Seventy

    • What does the author advocate for in relation to the physical cash system?

  • Transition to a fully digital currency system
  • Protection and promotion of physical notes and coins (correct)
  • Abolishment of physical cash
  • Privatization of physical currency production

    • What false just-so story does the author point out in the book 'Cloudmoney: Why the War on Cash Endangers Our Freedom'?

    <p>The public is pining for a cashless society</p> Signup and view all the answers

    What has driven the rise of cashless society?

    <p>Businesses and cultural norms</p> Signup and view all the answers

    What did the COVID-19 outbreak lead to in terms of cash use?

    <p>Decline in cash use</p> Signup and view all the answers

    What are central banks exploring as a solution to maintain public access to government money without disrupting the automation agenda?

    <p>Central bank digital currency (CBDC)</p> Signup and view all the answers

    What does CBDC create competition for?

    <p>Private digital money empires</p> Signup and view all the answers

    What has sparked a new wave of pro-cash activism?

    <p>The pandemic</p> Signup and view all the answers

    What conspiracy theories have emerged around the push for a cashless society?

    <p>Claims about microchipping via vaccines and the mark of the beast</p> Signup and view all the answers

    What has spurred the new wave of pro-cash activism?

    <p>Central banks’ response to the corporate attack on cash</p> Signup and view all the answers

    What are capitalism's contradictions evident in?

    <p>Reliance on digital casino chips issued by banks</p> Signup and view all the answers

    What is the main concern of libertarians and social conservatives with the rise of cashless society?

    <p>Totalitarianism and corporate control</p> Signup and view all the answers

    What is the potential impact of central bank digital currency (CBDC) on the banking sector?

    <p>Disruption requiring potential concessions</p> Signup and view all the answers

    What did the COVID-19 outbreak provide for companies in terms of automation plans?

    <p>A convenient cover to fast-track automation plans</p> Signup and view all the answers

    What are central banks exploring as a solution to maintain public access to government money without disrupting the automation agenda?

    <p>Central bank digital currency (CBDC)</p> Signup and view all the answers

    What has allowed libertarians to reframe the narrative of cashless society?

    <p>The introduction of Central Bank Digital Currency (CBDC)</p> Signup and view all the answers

    What has been used to limit the choices of welfare recipients in Australia?

    <p>Cashless welfare card program</p> Signup and view all the answers

    What has led to the spread of Right-wing ideas among people who previously considered themselves Leftists?

    <p>The meeting of two sides of the political horseshoe</p> Signup and view all the answers

    What has the new Right appropriated in its language and sentiments?

    <p>Left-wing hacker culture</p> Signup and view all the answers

    What has Russell Brand's shift to libertarian language and topics signaled?

    <p>His allegiance</p> Signup and view all the answers

    What conspiracy theory involves digital IDs, 5G technology, vaccines, COVID-19 passports, and CBDCs?

    <p>The 'Great Reset'</p> Signup and view all the answers

    What is the 'Great Reset'?

    <p>An actual program convened by the World Economic Forum</p> Signup and view all the answers

    What is driving the decline of cash according to banks and fintech companies?

    <p>Popular support and consumer demands</p> Signup and view all the answers

    Who froze the bank accounts of the 2022 anti-vax 'Freedom Convoy' truckers?

    <p>Canadian government</p> Signup and view all the answers

    What is the primary driving force behind the push towards greater automation according to the text?

    <p>Corporate executives seeking cost efficiency</p> Signup and view all the answers

    Who is primarily targeted as the beneficiary of 'going cashless' according to the text?

    <p>Small entrepreneurs with middle-class customers</p> Signup and view all the answers

    What is the nature of the monetary system's hybrid according to the text?

    <p>Public-private hybrid</p> Signup and view all the answers

    What industry is mentioned as tentatively testing cashless stores in certain locations?

    <p>Big retailers like Tesco</p> Signup and view all the answers

    What is emphasized by left-wing thinkers according to the text?

    <p>Power of industries to legislate the conditions of our lives</p> Signup and view all the answers

    What is the main concern raised regarding the 'invisible hand' according to the text?

    <p>Where power lies in the pyramid</p> Signup and view all the answers

    What is the primary concern regarding the decline of cash according to the text?

    <p>Loss of privacy due to card-payment systems</p> Signup and view all the answers

    What is the role of big retailers like Tesco in the cashless society according to the text?

    <p>Testing cashless stores</p> Signup and view all the answers

    What is the nature of the alliance between hipster cafés and Big Finance, Big Tech, Visa, and Mastercard according to the text?

    <p>Joining an automation alliance</p> Signup and view all the answers

    What is the driving force behind the norm of refusing cash in the airline industry according to the text?

    <p>Constant push towards digital acceleration</p> Signup and view all the answers

    What is the primary concern raised about the push towards a cashless society?

    <p>Increased surveillance and digital enclosure</p> Signup and view all the answers

    Who benefits massively from the digitization hype according to the text?

    <p>Finance and tech sectors</p> Signup and view all the answers

    What is the primary impact of each tap of a contactless card or digital payment according to the text?

    <p>Triggering banks to move digital casino chips and gaining power, revenue, and data</p> Signup and view all the answers

    What is the driving force behind the norm of refusing cash in the airline industry according to the text?

    <p>Digitization hype and pressure from the banking sector</p> Signup and view all the answers

    What is the primary concern about the closure of physical branches and removal of ATMs according to the text?

    <p>It maintains the systemic logic of expansion and acceleration</p> Signup and view all the answers

    What is the primary impact of the global economic system's complex webs of interdependency according to the text?

    <p>Pressuring expansion and acceleration</p> Signup and view all the answers

    What is the nature of the alliance between hipster cafés and big finance, big tech, Visa, and Mastercard according to the text?

    <p>An extension of the power of corporate behemoths</p> Signup and view all the answers

    What is the primary driving force behind the rise of cashless society according to the text?

    <p>Systemic recalibration coerces individuals away from using cash</p> Signup and view all the answers

    What is the main concern raised about the decline of cash according to the text?

    <p>The incompatibility with digital infrastructures</p> Signup and view all the answers

    What is the primary impact of the fixation on digitization according to the text?

    <p>Extending the power of corporate behemoths like Amazon</p> Signup and view all the answers

    What is the potential impact of central bank digital currency (CBDC) on the banking sector according to the text?

    <p>Creating competition for traditional banking</p> Signup and view all the answers

    What is the primary impact of the dominant stories about digital progress according to the text?

    <p>Part of a larger systemic ideology</p> Signup and view all the answers

    What is a key motivation for promoting a cashless society?

    <p>Enhanced speed and convenience</p> Signup and view all the answers

    Who benefits massively from the hype around digitization?

    <p>Finance and tech sectors</p> Signup and view all the answers

    What does a tap of a contactless card or digital payment trigger banks to do?

    <p>Move digital casino chips</p> Signup and view all the answers

    Which entities are identified as big beneficiaries of payments privatization?

    <p>Visa, Mastercard, and the banking sector</p> Signup and view all the answers

    What does the fixation on digitization extend the power of?

    <p>Corporate behemoths like Amazon</p> Signup and view all the answers

    What are concerns about digital enclosure and surveillance finding?

    <p>Widespread expression on social media</p> Signup and view all the answers

    How is the global economic system maintained according to the text?

    <p>Through complex webs of interdependency</p> Signup and view all the answers

    What is being turned against by corporates due to its incompatibility with digital infrastructures?

    <p>Cash</p> Signup and view all the answers

    What coerces individuals away from using cash?

    <p>Systemic recalibration driven by processes beyond their control</p> Signup and view all the answers

    How is the prevailing systemic logic of expansion and acceleration maintained?

    <p>Through a series of feedback loops</p> Signup and view all the answers

    What are some examples of feedback loops maintaining the prevailing systemic logic?

    <p>Closure of physical branches, removal of ATMs, and nudging of small businesses towards digital finance</p> Signup and view all the answers

    What is the cashless society considered as, according to the text?

    <p>A form of privatization transferring power over payments to the banking sector</p> Signup and view all the answers

    Study Notes

    The Cashless Society: A Systemic Takeover

    • Public and private sector leaders promote a digital transition driven by speed, convenience, and interconnection
    • Finance and tech sectors benefit massively from the digitization hype
    • Cashless society is a form of privatization transferring power over payments to the banking sector
    • Each tap of a contactless card or digital payment triggers banks to move digital casino chips, giving them power, revenue, and data
    • Visa, Mastercard, and the banking sector are big beneficiaries of payments privatization
    • The fixation on digitization extends the power of corporate behemoths like Amazon
    • Concerns about digital enclosure and surveillance find widespread expression on social media
    • The dominant stories about digital progress are part of a larger systemic ideology
    • The global economic system works through complex webs of interdependency, pressuring expansion and acceleration
    • Cash has historically facilitated the growth of large firms, but it is now being turned against by corporates due to its incompatibility with digital infrastructures
    • The systemic recalibration coerces individuals away from using cash, driven by processes beyond their control
    • The prevailing systemic logic of expansion and acceleration is maintained through a series of feedback loops, including the closure of physical branches, the removal of ATMs, and the nudging of small businesses towards digital finance

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    Description

    Explore the intricate dynamics of the cashless society with this quiz. Delve into the systemic takeover of digital payments, the power shifts between public and private sectors, and the influence of corporate giants like Amazon, Visa, and Mastercard. Uncover the complexities of the digitization hype, concerns about surveillance, and the systemic ideology driving the global economic system.

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