Global slavery system? Freedoms may end

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Lerato Khumalo

US think tank Atlantic Council announced that 134 countries in the world are intensifying their efforts to transition to digital money. According to the US organization, these studies will redefine humanity’s economic existence in the world. The most important source of motivation for turning to digital money was the Covid-19 pandemic. In early 2020; In the days when the coronavirus began to become a global epidemic, the “Central Bank Digital Wallet” appeared on the world stage in China. The main motivation for digital money was to prevent it from passing from hand to hand and transmitting viruses. However, the “Citizenship Score” application, which recently came into force in China, has strengthened concerns that digital wallets can be used as a kind of “social control” mechanism. Working on digital currencies and social control systems; Economist Prof. works in the field of science and technology development in state institutions such as TÜBİTAK, State Planning Organization and TAI. Dr. Mete Gündoğan explained to ‘Haber Global Web Özel’ how the control mechanisms work.

The People’s Bank of China introduced the first digital wallet in 2020.

LIKE A HORROR MOVIE

The foundations of the ‘citizenship score’ application, which caused suicides in China, were laid before the pandemic. The system, which is the most concrete initiative of the ‘control society’ goal, began to be discussed in 2014. What a coincidence; The application was among the 2020 goals of the Chinese administration. In the report titled “Planning for a social credit system” prepared by “Sesama Credit”, an organization owned by international shopping giant Ali Baba, it was explained that the system will facilitate people’s social life, education and career studies. With the system that allows tracking of Chinese citizens through mobile software, those in the ‘A’ category would have colorful social activities, good schools and a good career, while those in the ‘D’ category would not even be able to find a place for themselves in public transportation.

WHO IS IN CONTROL?

Stating that the main problem with digital money is the uncertainty about control, Prof. Dr. Gündoğan said: “We know how paper money is produced. For example, if you put 200 billion worth of money into circulation, it means that the banking system created a value of 2 trillion. While this is a problem even in terms of paper money, we are going one step further. How will digital money be produced and who has control of it? will be? Digital currency production may also disable states. Currently, states cannot fully dominate even the paper money production of central banks. So who will decide how much money will be generated digitally?

Global slavery system? There may be an end to freedoms - Picture: 2
Digital currencies can be indexed to the carbon production of goods and services.

IT WILL BE INDEXED TO CARBON

Stating that digitalization will also cause differences in what money will be indexed to, Prof. Dr. Gündoğan also said, “Today, the carbon value of everything can be calculated. After a while, the carbon index will replace the reserve money. How much will you pay for which goods? Until now, it was indexed to the dollar. Now, an index acceptable all over the world will be created; this is the carbon index. It is a complete digital index.” “Social control will be provided,” he said.

Warning that freedoms may be completely restricted, Prof. Dr. Gündoğan said, “You will have a spending limit according to the carbon index. You cannot object to this. Even states may not have the strength to get out of this system tomorrow. In this way, everything can be taken under control, from who will live where to how they will live. For example, if someone living in the Thrace region buys something for 100 units according to the carbon index; In another region the price may be increased to 150 units. “With such methods, people can be manipulated and turned into digital slaves,” he shared.

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