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It's Only Your Money If They Like You

Stove Top #11: The cautious tale of Nigel Farage, AI mind reading, lots of other stuff

Welcome back to the Stove Top weekly newsletter. Quick one today because it’s been a busy week with traveling.

Enjoy.

The Cautious Tale Of Nigel Farage

In UK politics, Nigel Farage is as controversial as it gets. The broadcaster and former leader of the Brexit movement have been described by one critic as a “disingenuous grifter” with “xenophobic, chauvinistic, and racist views”.

That’s not a big deal in itself. Public figures are criticized all the time. It’s part of the gig.

But, that critic was his bank. And they did more than just criticize him. They closed his account. The cited reason was that he fell below the wealth limit, but leaked documents make clear it was because “his views were at odds with inclusivity”.

His crimes? Retweeting Ricky Gervais jokes and being friends with Novak Djokovic and Trump.

In other words, if they don’t like your humor or choice of friends, you lose your bank account.

On the positive side, this financial censorship is being widely condemned. I’m not sure that would’ve been the case in 2020 or 2021.

On the negative side, financial censorship is about to become much easier. With CBDCs (Central Bank Digital Currencies), the oppressors won’t even need to access your bank account. CBDCs will let the authorities see what you’re buying in real-time and turn off your financial faucet accordingly.

Donating to a non-approved politician? Unbanked. Protesting a policy? Unbanked. Visiting “suspicious” websites? Unbanked.

As it is with surveillance, the only things stopping this dystopia are privacy-preserving technology (cryptocurrencies) and cultural norms (roasting the bank).

Lose those, and it’s game over.

Surveillance

Extras

Until next time, ✌️

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