In this article for Acting Man, I examine why India’s forced move toward digital payments and cashless transactions is likely to fail.

I discuss the continuing effects of demonetization, the weakness of India’s digital infrastructure, the dysfunction of banks and online systems, the problems with Aadhaar and GST, and why forced digitalization imposes enormous costs on a society that lacks the trust, competence, and institutional foundations needed to sustain it.

Read the archived article at Acting Man via the Wayback Machine →