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.
Carry-on luggage 随身携带行李
Reserve astronaut 航天员候选人
网络钟点工 virtual troubleshooter
颜色预警系统 color-coded warning system
央视“马赛克“风波
代理市长 acting mayor
Smart Defense 巧防御
Transit passengers 过境旅客
Teachers' code of morality 师德
韩“化学阉割”恋童癖
你听过硅胶“假肚子”吗?
“便民拖鞋”现身北京地铁
Mini hotel 迷你睡眠仓
“因公殉职”英文表达
“搁浅”与“脱浅”英文怎么说
金牌崇拜 gold obsession
Clown express delivery 小丑快递
Transit of Venus 金星凌日
“上帝粒子”疑被发现
Women-only compartment 女士专用车厢
枪支管控 gun control
奥运“药检” doping test
Aerospace economy 太空经济
司法拍卖 judicial sale
Chronological age 实际年龄
Conception and Governor vessels 任督二脉
Food-grade lye 食用级碱水
电子护照 electronic passport
Bulk packaging 散装
Flexible pension system 弹性退休金制度
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