Brave New Money

PayPal, WeChat, Amazon Go: The Threat of a Totalitarian Global Currency

A war is being fought – a war on cash. At stake are commercial interests and the technology-based business model of Mastercard, Microsoft, Apple and other corporate giants. And what is at stake is not least individual freedom.

The economist Norbert Häring shows how an alliance of big tech and financial companies, monied foundations, governments, and NGOs is building an all-encompassing system of financial surveillance and control: We are on the way to a non-contractual pay-as-you-go system, which makes the act of payment almost unnoticeable by using fingerprints and facial recognition for verification. Where is all leading? To a single global currency. Norbert Häring’s book explains why this is no mere fantasy – and nothing to look forward to, either.