Money laundering would no longer be necessary. The payment of taxes might become more or less voluntary. I can imagine bogeymen whose traffic I'd want visible to authority. Unfortunately, the Clipper Chip is not likely to have any measurable impact on crime, and may actually encourage lawbreaking. Remember, encryption using Clipper technology is voluntary.
Citizens can still employ any form of cryptography they wish.
It's bad enough to imagine that the Clipper Chip will be ineffective against the type of crime it purports to fight. However, this assessment might be overly optimistic. And the last time we got into a shooting match with another nation, we beat them by a kill ratio of about 2,300 to 1. They don't seem like particularly formidable threats, but government is prepared to cripple much of America's business for their sake. This economic result of the Clipper Chip is alarmingly easy to forecast and even simpler to delineate.