The Death of Cash: an ancient technology on the way out?

A number of governments, central banks and even some economists now advocate a switch to all-digital currencies. With the rapid rise of mobile payments, the long-term survival of cash seems precarious. But what would be the consequences of removing cash from society altogether? Martin Wolf, the chief economics commentator, gives his view on the cashless society.

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Covid-19: widening the gap between rich and poor

Despite the coronavirus pandemic, in 2020, the world’s five wealthiest individuals saw their collective worth increase by more than $250bn. Financially, those on higher incomes have suffered less than low skilled, low-income workers and the young, who have been hit especially hard. Not only is the pandemic’s economic impact likely to linger, global inequality is worsening, with no obvious remedy in sight.

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