8. The prospect of converting the worlds monetary system of metal coins and
printed paper into a computerized system of credits and debits is intriguing. Opponents
of the idea regard a digital economy as a dangerous step toward a totalitarian society in
which an elite class dominates an information-starved lower class. My view, however, is
that conversion to a digital economy has far-reaching economic and social virtues that
outweigh the potential risk of misuse by a political elite.
Supporters of the idea of digital cash view the move to a digital economy as the
next logical step toward a global system of free trade and competition. Herein lies the
main virtue of a digital economy. In facilitating trade among nations, consumers
worldwide would enjoying a broader range of goods at more competitive prices.
In addition, a digital economy would afford customers added convenience, while
at the same time saving money for businesses. Making purchases with electronic
currency would be simple, fast, and secure. There would be no need to carry cash and
no need for cashiers to collect it. A good example of the convenience and savings
afforded by such a system is the pay and go gasoline pump used at many service
stations today, Using these pumps saves time for the customer and saves money for the
business.
A third benefit of such a system is its potential to eliminate illegal monetary
transactions. Traffickers of illegal arms and drugs, dealers in black-market contraband,
and counterfeiters all rely on tangible currency to conduct their activities. By
eliminating hard currency, illegal transactions such as these would be much easier to
track and record. As a result, illegal monetary transactions could be virtually eliminated.
A related benefit would be the ability to thwart tax evasion by collecting tax revenues
on transactions that otherwise would not be recorded.
To sum up, I think it would be a good idea to convert current monetary systems
into a system of electronic accounts. The economic benefits, convenience and savings
afforded by such a system, along with the potential to reduce crime, far outweigh the
remote boss ??? at a significant social or political shift toward totalitarianism.
托福听力背景词汇:预约医生
【托福词根联想】Word List 1
托福听力核心词汇:校园词汇
【托福词根联想】Word List 1
历年托福考试高频词汇-realism
【托福词根联想】Word List 2
历年托福考试高频词汇-pensive
托福写作技巧:对中式英语说不
【托福词根联想】Word List 1
托福听力背景词汇:预约医生
托福作文范文:人类与地球的关系
托福阅读词汇选集(5):DE
新托福考试词汇该如何备考 分类别记忆最有效
历年托福考试高频词汇-tap
托福写作高分备考之“时间轴式”复习计划
托福阅读词汇选集(2):ABC
托福词汇记忆两大误区解决办法
托福词汇记忆方法分享:单词拆分法 逐个击破
托福单词拆分有效帮助记忆
【托福词根联想】Word List 2
【托福词根联想】Word List 1
【托福词根联想】Word List 1
少用第二人称:总结托福写作需注意的语法点
高效记忆托福单词:词根"form"同源词汇解析
托福阅读词汇选集(1):A
【托福词根联想】Word List 1
托福听力场景词汇:学生用语
历年托福考试高频词汇-realm
【托福词根联想】Word List 2
名师介绍托福词汇记忆方法优缺点
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