21–30 of 89 posts
"Such people will also be barred from serving in certain high-status and influential positions, like government official, reporter, CEO, statistician, and similar." For all practical purposes, I don't think this would be so different from what we already have in the West for people like CEOs, government officials, reporters etc. These people seem to be kicked out as soon as they do something politically incorrect. Th…
"Such people will also be barred from serving in certain high-status and influential positions, like government official, reporter, CEO, statistician, and similar." For all practical purposes, I don't think this would be so different from what we already have in the West for people like CEOs, government officials, reporters etc. These people seem to be kicked out as soon as they do something politically incorrect. Th…
"Such people will also be barred from serving in certain high-status and influential positions, like government official, reporter, CEO, statistician, and similar." For all practical purposes, I don't think this would be so different from what we already have in the West for people like CEOs, government officials, reporters etc. These people seem to be kicked out as soon as they do something politically incorrect. Th…
"Such people will also be barred from serving in certain high-status and influential positions, like government official, reporter, CEO, statistician, and similar." For all practical purposes, I don't think this would be so different from what we already have in the West for people like CEOs, government officials, reporters etc. These people seem to be kicked out as soon as they do something politically incorrect. Th…
"Such people will also be barred from serving in certain high-status and influential positions, like government official, reporter, CEO, statistician, and similar." For all practical purposes, I don't think this would be so different from what we already have in the West for people like CEOs, government officials, reporters etc. These people seem to be kicked out as soon as they do something politically incorrect. Th…
This seems to be Alibaba coming up with a credit scoring system for people who don't have banking relationships. Here's more info.[1] The People's Bank of China already has a more traditional credit rating system. But most people in China don't have a credit rating in any form.[2] This seems to be a scheme to get the rest of the population plugged into the system. There's a Government policy document on this "social…
"Such people will also be barred from serving in certain high-status and influential positions, like government official, reporter, CEO, statistician, and similar." For all practical purposes, I don't think this would be so different from what we already have in the West for people like CEOs, government officials, reporters etc. These people seem to be kicked out as soon as they do something politically incorrect. Th…
Do you think that it would somehow be better if the beliefs of people with power were not questioned?
I am curious to see how that is calculated and what percentage it is of the 950 score. An absurd decision if you ask me.
This is a perfectly rational decision, you just need to look at it from the value system making the decision. The Party's #1 goal is to remain in power. Pretty much everything they do is with that in mind. They also seem to assume that revolution is always knocking at the door. [1] Communism has had a long history of ideological coercion (it's pretty much a founding principle), so this sort of thing should come as no…
And from what I can read about the credit score, I don't think we're missing much.
In France there's no such thing as the credit score. Of course banks probably (certainly) have something to rate their customers, but it's not public. And from what I can read about the credit score, I don't think we're missing much.
My history of being responsible with debt enables me to borrow large amounts of money while putting a small percentage down, and paying a small percentage interest (3.375%) on the principal. Banks can compete to offer better rates or terms on a loan like that (home mortgage, USA).
Some notion of a credit score, or a person's general creditworthiness is necessary for there to be competition in the loan market. Otherwise how would it work - banks are equally willing to loan to all people, despite their income, savings, and history of paying back loans reliably?
It can be abused but it generally seems to promote an efficient marketplace for loans.