We are often told that the move towards a cashless society is ‘natural progress’, but there is seldom reference to the powerful groups that are vigorously pushing for it. What happens when physical money is replaced completely by digital transactions? In the great battle for global monopolization, different ‘watchers’ are trying to capture and hoard data. Google has search patterns revealing your desires, fetishes and intellectual interests. Facebook has a treasure trove of its users’ special moments and projections of vanity. Yet, if we really want to see what a person is motivated to act upon in society, we should examine their payments data. In ‘Cloudmoney’, Brett Scott uncovers a long-established lobbying infrastructure set up by an alliance of partners, including financial institutions, governments and international agencies, to wage a covert cold war against cash.

ISBN: 9781847925879 Author: Scott, Brett Publisher: The Bodley Head Publication Date: 19th May 2022 Imprint: The Bodley Head Cover: Hardback Dewey: 303.483 (edition:23) Pages: 288 Language: English Readership: General - Trade / Code: K Category: Subjects: , , , , , , , , ,

A brilliant, fascinating and utterly accessible book… If you want to understand what money is – and what it is in danger of becoming – start right here’ KATE RAWORTH, author of Doughnut Economics

Many of us rarely use cash these days. And the reach of corporations into our lives via cards and apps has never been greater. But what we’re told is natural and inevitable is actually the work of powerful interests: the great battle of our time is for ownership of the digital footprints that make up our lives.

Who benefits from a cashless society and who gets left behind? Is the end of cash the end of true privacy? And is a cashless future closer than we think?

Cloudmoney tells a revelatory story about the fusion of big finance and tech, which requires physical cash to be replaced by digital money or ‘cloudmoney’. Diving beneath the surface of the global financial system, Brett Scott uncovers a long-established lobbying infrastructure waging a covert war on cash, as banking and tech companies promote a cashless society under the banner of progress.

From marketing strategies against cash, to the weaponization of Covid-19 to advance fintech platforms, and the cryptocurrency rebels and fringe groups pushing back, Cloudmoney takes us to the frontlines of a war for our wallets that is also about our freedom.

‘A wonderfully revolutionary text’ YANIS VAROUFAKIS

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