The pre-election climate in Greece is "electrified" and the dialogue extends to the creation of a monetary policy centered on a digital payment system, such as the one called "Dimitra", which is proposed by MeRA25.
The debate on parallel banking Digital Currencies under the control of Central Banks (CBDC) and Cryptocurrencies has taken on a global dimension.
Most people think that CBDCs and Cryptocurrencies are the same thing, when in fact the two are opposites. Today, more than 95% of transactions carried out in digitally advanced countries are done with electronic money issued by Central Banks and cash also issued by Central Banks, but in the form of wearable paper money, exists to ensure the freedom of transactions, the personal liberties, and ultimately the important democratic pillar.
With CBDCs these goods of free social life will pass to the absolute control of the central authorities, valid for whatever they decide, with an expiration date whenever they decide, and in whatever transactions they allow. On the contrary, like cash, Cryptocurrencies ensure absolute privacy and freedom of use, i.e. complete anonymity.
The reaction towards this loss of personal liberties in Australia was exemplified by the abolition of the cashless debit card for pensioners, which was one of the pre-election commitments of the Labor Government. Voters found the cashless debit card stigmatizing and often making participants' lives more difficult because they can't access a cash economy.
As for the reduction of tax evasion and crime by DIMITRA, it is worth mentioning that tax evasion also goes well with the Economic Police, in which citizens have for years been urged to provide information or report illegal and interfering actions or activities against the sector economy, public property, as well as social and insurance welfare and rights.
So Demeter, and every Demeter in global becoming, is a form of policing. And let's not forget Plato's saying that "Good people don't need laws to learn how to act responsibly, while bad people look to laws to find ways to hide behind them."
In conclusion, the proposals for a Dimitra in that they concern the lame Greek democracy are as mythical as the myth of Stalinist communism that condemned Russia and Eastern European countries to absolute poverty for 70 years. Therefore, in order for China to develop and now be counted as a superpower, after Mao, it abandoned this particular type of communism. But time will tell if and there if their wisdom will succeed in overcoming the inferiority of the central government system they have established.
In short, Cryptocurrency is a libertarian currency, while CBDC is a slave currency. Unfortunately, nothing seems to be able to slow down, if not reverse in Western-style Democracies, the forces of evil pushing towards voluntarism, and the related predictions of Hayek and Orwell are being verified at an uncontrollable speed. That is why we freedom loving citizens must hurry. * Giorgos K. Bitros is Emeritus Professor of Economics at the Athens University of Economics. Steve Bakalis is a visiting researcher at the Central University of Economics and Finance in Beijing.
GIORGOS K. PITROS – STIV BAKALIS*
Source https://neoskosmos.com / photo https://messolonghinews.gr/
