8 years since demonetisation, one of the worst policy decisions of all time by any government in history.
The cash in your hand is your property. Declaring that it will lose its value overnight, by fiat, is a gross violation of your natural right to property, and is hence unethical and immoral.
No 'greater good' will ever justify this socialist nonsense.
It is more important to be a civilised country than a 'developed' one. And no society is civilised if the natural rights of individuals living in it are not respected.