Follow-Up Article on the War on Cash

Economist Norbert Haering has written a second article on how India’s war on cash was brought into being and what interests it served.

“The hypothesis that the main driver or a main driver behind the demonetization were US interests, does not at all imply that the Indian prime minister and other Indian constituents did not have their own interests associated with it. It is hardly possible to get the elite of a country to do something that goes against their own interests, but it is fairly easy to get them to do something that helps (significant fractions of) them, but hurts the majority of the people.”

Hurting the majority or the general public or the people is what states and politicians do as a matter of course. The power of states awaits being turned against the people on behalf of special interests seeking privileges. The powers of states await expansion from enterprising parties in and out of government. States do not exist for the betterment of the people.


8:01 am on January 14, 2017