In China your freedom or even your lifespan might be affected by your political opinions.
In China, Your Credit Score Is Affected by Your Political Opinions
31–40 of 89 posts
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#32"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…
There is a huge difference between social pressure to quit for believing some humans are worth less than others, and the Government forcing you to quit because you made a minor comment on the stock exchange crash. Do you think that it would somehow be better if the beliefs of people with power were not questioned?
I don't mind if powerful people are being questioned. However, there's a difference between questioning someone, and making them lose their job.
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#33"But China has already announced that it, or something very like it, will become mandatory from 2020."
Any source besides this? http://www.volkskrant.nl/buitenland/china-rates-its-own-citi...
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#34Earlier quoted context omitted.
There is a huge difference between social pressure to quit for believing some humans are worth less than others, and the Government forcing you to quit because you made a minor comment on the stock exchange crash. Do you think that it would somehow be better if the beliefs of people with power were not questioned?
I don't mind if powerful people are being questioned. However, there's a difference between questioning someone, and making them lose their job.
So they should be unaccountable?
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#35In 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.
So, how do banks decide how much to loan you, if you want a loan, or at what interest rate? 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 g…
I'm not French, but:
http://blog.sextantproperties.com/2012/08/21/the-positives-o...
>However, if you apply for a credit or mortgage in France, all you will have to provide is your last 3-month bank statements and the last 3 month pay slips (or last 3 year tax returns). It is that simple. There is no credit report or score for you to worry about.
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#36Of course it is. China is a communist country, where's the news? This is how communist countries work.
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#37This 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…
Eww ewww ewww! I never realized it was this bad. You have a funny idea of "worked". This seems like pure evil oppression. Long live freedom of speech. That being said we have a similar thing in the west, like clearance that you need for some government jobs(checks your connections to enemy states, drug use, general untrustworthy behavior). Fortunately, such government jobs isn't too big part of the economy. Ideally w…
But go talk to some people who've only ever experienced these types of business cultures, and they'll start listing for you a ton of reasons why it would be IMPOSSIBLE for the business world to operate as well or better, if it were any other way.
These slavery books are still pretty common in parts of Europe too.
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#38> If you’re buying things that the regime appreciates, like dishwashers and baby supplies, your credit score increases. If you’re buying videogames, your score takes a negative hit.
> But China has already announced that it, or something very like it, will become mandatory from 2020.
> But the kicker is that if any of your friends do this — publish opinions without prior permission, or report accurate but embarrassing news — your score will also deteriorate.
Why should I believe those things instead of all those propaganda nonsense? A big "[citation needed]" label is missing beside every sentence in this article...
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#39"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…
There is a huge difference between social pressure to quit for believing some humans are worth less than others, and the Government forcing you to quit because you made a minor comment on the stock exchange crash. Do you think that it would somehow be better if the beliefs of people with power were not questioned?
That's quite a leap from the three examples you gave to "believing some humans are worth less than others".
Re: In China, Your Credit Score Is Affected by Your Political Opinions
#40In 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.
So, how do banks decide how much to loan you, if you want a loan, or at what interest rate? 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 g…
Probably the old fashioned way - by looking at employment history (salary, length of employment, etc.), savings and whatever assets you have (which you can potentially sell to give them their money back in case something happens).
Basically, everything besides a history of paying back loans :-).
Those lacking (some of) these things get smaller loans/bigger interest rates or don't get a loan at all...