In this article for Acting Man, I examine why cash is returning in India despite the government’s attempt to force the country into a digital payment system through demonetization.
I discuss the continuing economic damage from the cash ban, the failure of India’s forced digitalization, the growing reach of Aadhar, the coming chaos of the Goods and Services Tax, and why these policies reveal deeper cultural, institutional, and political problems.
Read the archived article at Acting Man via the Wayback Machine →
