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> The simple answer is to reject the cashless society. We can't. Too many transactions are conducted remotely now, and you can't send cash over a phone line or
by pdonis 5y ago
> The simple answer is to reject the cashless society.
We can't. Too many transactions are conducted remotely now, and you can't send cash over a phone line or over the Internet. And having those transactions remote is not just a minor convenience; in many cases the transactions would not happen at all if they had to happen in person, and a lot of wealth creation would not take place.
The simple answer is, as the article says, to view freezing people's bank accounts and credit cards as a punishment at least as serious as imprisonment, and to view doing it without first having a trial as at least as serious as imprisoning people indefinitely without trial. Right now most people do not view it that way, and governments reach for freezing assets as a tool of first resort because they do not view it as having serious political consequences. That is what needs to change.