China's Digital Yuan Is a Technocracy Dream Currency - Technocracy

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Source link: https://www.technocracy.news/chinas-digital-yuan-is-technocracys-dream-currency/
Published by: TECHNOCRACY on 23 Apr 2021
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Posted By: ZeroHedge April 23, 2021 China's Technocracy is almost complete as it issues a digital, programmable currency where the location and ownership of each individual unit is recorded and monitored. It can also be selectively switched off for any reason. It is also rumored that China is

stockpiling gold for a possible linkage to the digital Yuan.

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What is Technocracy?
Technocracy is an ideological governing system in which decision-makers are selected on the basis of their expertise in Science or Technology. This system contrasts with the notion that elected representatives should be the primary decision-makers in government, though it does not necessarily imply eliminating elected representatives. Leadership skills for decision-makers are selected on the basis of specialized knowledge and performance, rather than political affiliations or parliamentary skills.

What is China?
China, officially the People's Republic of China (PRC) is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019. Covering approximately 9.6 million square kilometres, it is the world's third or fourth-largest country by area. Governed solely by the Chinese Communist Party (CCP), the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau. China is a unitary one-party socialist republic, and is one of the few existing nominally socialist states. Political dissidents and human rights groups have denounced and criticized the Chinese government for human rights abuses, including suppression of religious and ethnic minorities, censorship, mass surveillance, and their response to protests, notably in 1989.

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China's Digital Yuan Is a Technocracy Dream Currency - Technocracy

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