51–60 of 335 posts
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
Are you serious? That sounds like a stupid idea, what if you need a car for/to reach work? then this is really counterproductive.
This system seems inhumane. I’ll consider supporting a boycott of China if it would help.
I don't understand the fear of the social credit system. It doesn't seem too different from the American credit scoring system. They are both systems designed by the elites to shape the behavior of commoners. Why do I have to regularly use a credit card to prove that I am credit worthy, so that I can get a bank loan to buy a house?
It's like being 20 years old and creating a new startup then wondering why investors don't want to give you any money so you can hire out staff and build a product.
It's not inherently impossible to get a loan with no credit history, just really difficult to do without something else to inspire confidence.
And frankly, considering how easy it is for any Joe to build a decent credit history from just using credit cards I'd say most lenders are actually doing consumers a favor by lending them such vast amounts of money on such a basic premise. I know if it were my money I'd be way more conservative.
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
Are you serious? That sounds like a stupid idea, what if you need a car for/to reach work? then this is really counterproductive.
This system seems inhumane. I’ll consider supporting a boycott of China if it would help.
I don't understand the fear of the social credit system. It doesn't seem too different from the American credit scoring system. They are both systems designed by the elites to shape the behavior of commoners. Why do I have to regularly use a credit card to prove that I am credit worthy, so that I can get a bank loan to buy a house?
Also in America your credit score won't affect you from buying things like a plane ticket or even leaving the country. It only affects your line of credit (money borrowed). I'm not convinced the government should be telling you how to spend your money (but that's clearly an opinion).
There's also a lot (A LOT) wrong with the credit system, like the fact that a significant number of Americans (numbers vary from 5% to 25%) have significant errors by one of the 3 major credit agencies. Equifax... I'm not convinced China could do substantially better than us (especially when you add more factors). Even if you reduce that number to 1/1000 (I doubt that good considering other database error levels), that still seems like a big deal if it prevents you from mundane events like taking a train or plane. I wouldn't look at a system that doesn't look good and say "Hey, we should do this, but with more consequences when it fails."
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
Unfortunately, much of the US is car dependent, so taking away someone's license is net counterproductive because one's income typically would decrease beyond the savings without their car.
Anytime a criticism of China's social credit score is brought up, there's always a "yeah but US credit score", yet I still don't understand how the two are even in the same ballpark. The social credit score in China is far more invasive and penalizes you for associating yourself with individuals who have low scores. To compare the two is disingenuous and reaks of whataboutism
You can think of China's currently state of totalitarianism as a metastasis of what started in the US.
Earlier quoted context omitted.
Are you serious? That sounds like a stupid idea, what if you need a car for/to reach work? then this is really counterproductive.
That's the whole point. Auto debt is usually the first payment people make since they absolutely need it to go to work. By tying student debt to the ability to drive, they're putting it on the same tier of priorities for people.
But what if you don't have auto debt? That logic doesn't work if someone bought a car they could afford.
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
Earlier quoted context omitted.
I don’t know. I sometimes manufacture physical products. I could state publically that I won’t. I could also not buy products made in China personally. In general we ought to try to change things we don’t like. I can’t imagine the people of China like this system do they?
You can ask Chinese people whether they think the system is good and whether they want you to boycott China.
Not considering politics for a second, I just couldn't imagine the impact of an Equifax like event with that amount of information.
USA is heading down this road, too. 21 states will suspend your driver's license if you fall behind on student debt. This is ass backwards and destructive thinking. I am certain this is just the start of greater restrictions on the unfortunate.
Are you serious? That sounds like a stupid idea, what if you need a car for/to reach work? then this is really counterproductive.
This is America. So the answer is almost certainly: "Yes, you need your car to reach work."