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In China, Your Credit Score Is Affected by Your Political Opinions

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Re: In China, Your Credit Score Is Affected by Your Political Opinions

#11
post #6

This is fascinating but also tendentious. Is the information reliable? If not, is there a more accurate source?

A source from earlier this year:

http://www.volkskrant.nl/buitenland/china-rates-its-own-citi...

And one from last year:

https://chinacopyrightandmedia.wordpress.com/2014/06/14/plan...

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#12
There is no evidence that the credit score is affected by political opinions, the only quote “Sesame Credit, however, also uses other data to calculate the scores, such as a person’s hobbies, interaction with friends, shopping habits and lifestyle.” says nothing about political opinions, and I can verify there is no related thing on Sesame Credit's website (Chinese is my native language).

Also Sesame Credit is a private company, it is absolutely not equal to China.

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#13

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 surprise. In fact, it's a lot more subtle than most. [2]

[1] This may not be so far-fetched. Several years ago a Party document was released documenting 100k or 200k protests, ranging from small to large. When the bullet train derailed 3 or 5 years ago, Weibo went wild within minutes and ultimately some provincial Party officials took the fall. And the example of Arab Spring has got to be pretty scary.

[2] I don't know if it is true anymore, but historically people were encouraged to rat out neighbors with ideological deficiencies. Not just in China, this is pretty much standard fare in totalitarian states.

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#14
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 credit system".[3] The Alibaba thing appears to be a trial under that system.

Of course, it's a Government control thing, too. But China already had that - it's called a dangan. In China, many people really did have a Permanent Record. That's not as important as it used to be, because it was employer-maintained, mostly by state employers. With more private employers, it's less of an issue. This new system may become a modernized version of the dangan.

China has a centuries-long history of keeping records on everyone. The old systems worked when there was very limited population mobility and job mobility. Now, with a more flexible workforce, the old system is getting an upgrade.

[1] http://www.chinadailyasia.com/business/2015-06/09/content_15... [2] http://foreignpolicy.com/2014/05/08/why-there-are-no-credit-... [3] https://chinacopyrightandmedia.wordpress.com/2014/06/14/plan...

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#16
post #15

It's sad to see Rick Falkvinge seemingly advocating for a company that claims it doesn't have to comply with subpoenas while operating in the US.

I'll support most entities - not only corporations - that put people's rights ahead of government agencies' data cleptocracy.

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#17
post #8

> our credit score is simple... It’s measured from our assets, our income, and if we have bought on credit in the past and managed it well. Having worked in mortgage lending for many years, I'd like to point out that this isn't true. Your score (generated by the big 3 bureaus) does not take income or assets into account, it's based on credit utilization, payment history, and similar factors reported by your existing…

Fair enough. In Sweden (my native country), the primary factors for a good credit rating are assets, income, and the lack of mismanaged credit.

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#18
"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. They don't seem to have much freedom. For example, the CEO of Mozilla who gave like 1000 dollars to some anti-gay cause like 10 years ago, or the CEO of BP who hired gay escorts or John Derbyshire who wrote something unflattering about blacks.

Ok, it's not the government doing it in the West, but the majority mob. But does it really matter whether it's some elitist government or the majority in a democracy doing it?

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#19
> And at 750, you get a similar fast track to a coveted Schengen visa.

It's a visa to Luxembourg according to the link, so Luxembourg needs to be the main place to stay. Also not really strange that they will take a credit score. Usually (when applying to a German visa as someone from mainland China) you need to show that you have a steady income and need to provide bank account statements that show that you have enough money to sustain yourself.

It also criticizes that other people have an influence over the credit score. This is done because there's not enough data and regularly happens in other countries (e.g. taking into account where you live).

That it will be used for political control is certainly a valid fear, but it doesn't seem to be reality yet like claimed in the article.

Re: In China, Your Credit Score Is Affected by Your Political Opinions

#20
post #15

It's sad to see Rick Falkvinge seemingly advocating for a company that claims it doesn't have to comply with subpoenas while operating in the US.

I'll support most entities - not only corporations - that put people's rights ahead of government agencies' data cleptocracy.

Even the ones that grossly misrepresent the services they provide?

PIAs marketing straight up exploits people who aren't tech savvy enough to understand that the promises they make are meaningless.

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