Finally, it sets all of this within an ecological, social and – dare I say – spiritual context. It doesn’t only show how major monetary innovations and movements relate to each other, but also sets that in the context of the vortex of global corporate capitalism and geopolitics. It contextualises: the book puts things in their place.It also cuts through the often pseudo-revolutionary language that surrounds the crypto world, and gives a realistic assessment of what we can and cannot expect of crypto-tokens. It’s contrarian: the book cuts through the innovation-speak that surrounds financial technology, and provides an account of why we should protect the unsexy physical cash system.I’m not anti-tech, but I’m not easily impressed by the unbalanced claims made by many technology movements. It also doesn’t hype up crypto-currency (let’s face it – there are now hundreds of books doing that). It’s critical: it doesn’t romanticise digital money and fintech, and shows why the narratives of empowerment-through-technology have a dark side.It distills the complex architecture of money into clear descriptions that a non-expert reader can understand. It’s clear: it is hard to write about global monetary systems in a simple way, but the book does that.I’d really love it if ALL of you could order Cloudmoney, so here are five reasons why I think you will value it, all beginning with C. Brett Scott’s Five reasons why you’ll love 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.įrom 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.
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?Ĭloudmoney tells a revelatory story about the fusion of big finance and tech, which requires physical cash to be replaced by digital money or ‘cloudmoney’. MoneyLab #5: Matters of Currency Buffaloīlog: Just Out: Cloud Money by Brett ScottĬloud Money: Cash, Cards, Crypto and the War for our Wallets by Brett Scottįor more info, visit Brett Scott’s Substack page.MoneyLab #9: Playgrounds for Post-Capitalism.
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