Cloudmoney

Nowadays, many of us barely use cash and pay almost everything with credit cards or mobile applications. That is, with digital money. However, what seems comfortable, natural and inevitable to all of us turns out to be, fundamentally, the product of powerful interests and manipulations. Cloudmoney is the maddening chronicle of this paradigm shift. Brett Scott has dived below the surface of the global financial system to show us how high finance and big tech companies have teamed up to replace physical money with digital money, supposedly in pursuit of an elusive vision of progress, and how that process is nothing more than a covert war for our pocketbooks and, ultimately, for our freedom. Is a cashless society really preferable, or does the end of physical money mean the end of true privacy? That future without cash, is it closer than we think or is there still time to change course? An essential book to understand what money is, what it can become and how we can save ourselves from the clutches of the powerful fintech.