Norbert Häring — How India became Bill Gates’ guinea pig: A conspiracy as recounted by the main actors

Microsoft’s Bill Gates is one of the richest and most influential people on earth. He announced in 2015 that his Bill & Melinda Gates Foundation was aiming at achieving full digitalization of the payment systems of India and other populous developing countries by 2018. This “financial inclusion” program for India dates back to well before Narendra Modi came to power. It was elevated to official US policy by Executive Order in 2012, because the President saw vital US security interests are at stake....

Real-World Economics Review Blog
How India became Bill Gates’ guinea pig: A conspiracy as recounted by the main actors

Norbert Häring, Handelsblatt

See also

The Indian ‘no more cash’ experiment

Merijn Knibbe

Zero Hedge — Foxconn Fires 25% Of India Workers As Demonetization Destroys Sales

While piecemeal anecdotes and surveys have already exposed the devastation that PM Modi's demonetization plan has had on the Indian economy, tonight we see the first hard evidence as Foxconn has asked 25% of its workforce to leave after the cash ban caused sales to collapse by 50% forcing the company to slash production by half.

Unintended consequences of doing stupid stuff.

Zero Hedge
Foxconn Fires 25% Of India Workers As Demonetization Destroys Sales

Tyler Durden

Sashi Sivramkrishna — What Does Modern Money Theory Tell us About Demonetisation?

Introducing India to MMT.

The Wire
What Does Modern Money Theory Tell us About Demonetisation?

Sashi Sivramkrishna | Professor of Economics at Narsee Monjee Institute for Managment Studies, Bengaluru, and author of In Search of Stability: Economics of Money, History of the Rupee, Manohar, New Delhi, 2015