In India today, customer lines at banks seeking withdrawals of physical money are turning into riots. The press reports dozens of deaths from heart attacks while waiting in line for hours. Richer citizens are complaining they have wealth, but they have no physical money with which to pay their laborers in the kitchen and the garden, people with no bank accounts and no connection with digital conveniences.
These are ominous markers of a tsunami of distrust that, perhaps at last, has become visible on the horizon and clearly endangers the civility with which we engage in our daily lives.
Fake news. ‘Post-truth’. Compromised banking cards. Fictional new bank accounts created by bank employees to earn sales bonuses. Media coverage of … Read More