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India's Prime Minister Wants A Moneyless Society

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AnonymousAnonymous
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27 Nov 2016, 4:15 pm

http://www.csmonitor.com/World/2016/1127/Why-India-s-prime-minister-wants-a-cashless-society


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BaalChatzaf
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27 Nov 2016, 7:04 pm

AnonymousAnonymous wrote:
http://www.csmonitor.com/World/2016/1127/Why-India-s-prime-minister-wants-a-cashless-society


That is like wanting to have the cows without the cow-poop

A society without money (which is a means of exchange) means there is no longer a connection between labor rendered and goods and services received.


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cyberdad
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27 Nov 2016, 7:51 pm

He will of course send his kids to America as do most third world despots



naturalplastic
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29 Nov 2016, 3:03 am

Despot?

India is a parliamentary democracy. He was elected the same way that every British prime minister was elected.

The headline is misleading. What he wants is a cashless society. Not a "moneyless" society.Not the same thing.

The US is already practically a cashless society(the only things Americans handle tangible cash for anymore are for illegal transactions like buying dope, or hookers). But America is hardly a "moneyless" society.

But even so its hard to imagine how an Indian prime minister is going to get the largely rural village population of India (most of whom dont even have bank accounts) to skip a stage in fiscal evolution and go straighth to a cashless electronic money economy.



traven
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29 Nov 2016, 3:08 am

modi the elected of the ptb, then these statements make "sense"
trying the same again and again, lets try more famines, that always works out handy
:shrug: :shrug:



cyberdad
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30 Nov 2016, 1:09 am

naturalplastic wrote:
Despot?

India is a parliamentary democracy. He was elected the same way that every British prime minister was elected.

The headline is misleading. What he wants is a cashless society. Not a "moneyless" society.Not the same thing.

The US is already practically a cashless society(the only things Americans handle tangible cash for anymore are for illegal transactions like buying dope, or hookers). But America is hardly a "moneyless" society.

But even so its hard to imagine how an Indian prime minister is going to get the largely rural village population of India (most of whom dont even have bank accounts) to skip a stage in fiscal evolution and go straighth to a cashless electronic money economy.

It was done rather hastily and with little thought of the population needs or for that matter foreigners
http://www.news.com.au/travel/travel-ad ... 9a4776ebd8