Comment by nv-vn

Wow. No comments on how crazy this viewpoint is? They're not just talking about eliminating cash, they want to nationalize all private banking. They're arguing that a monopoly of the state is better than a "monopoly" of four different companies, that private firms cannot be trusted to manage financial transactions despite the massive history proving they can, and that the state is somehow going to be able to handle these types of transactions despite all the evidence against this claim. For example, if only the state was allowed to process financial transactions, we never would have gotten credit/debit cards. If they had nationalized after this development, we would not have NFC payments or chips in cards. The state is anti-innovation (think about how slowly government infrastructure has developed) and anti-consumer (imagine the DMV in charge of your money). This whole notion of "the state knows everything" and "only the state cares about you" seems completely dystopian.