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Cloudmoney

Cloudmoney

by Brett Scott
Hardback
Publication Date: 19/05/2022

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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 our large-scale modern economies, a significant amount of a person's life is spent buying things, and this data provides a clear idea of their priorities, habits and beliefs. However, the great information firewall is being completely offline, leaving data black holes.

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. Who benefits from a cashless society and who is left behind? And will the departure of cash also signal the departure of true privacy?

ISBN:
9781847925879
9781847925879
Category:
Finance
Format:
Hardback
Publication Date:
19-05-2022
Language:
English
Publisher:
Penguin Random House
Country of origin:
United Kingdom
Pages:
288
Dimensions (mm):
222x138x28mm
Weight:
0.51kg
Brett Scott

Brett Scott is a campaigner, monetary anthropologist and former broker. He is the author of The Heretic's Guide to Global Finance: Hacking the Future of Money, and has appeared in a wide range of TV shows, radio broadcasts and documentaries, including BBC World News and Sky News.

He has written extensively on financial reform, digital finance, alternative currency, blockchain technology and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired Magazine and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter.

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