4 ms·
Yes. This Chinese social credit score undermines the free market in social credit scores, leading to inefficiency and lost opportunities.
by craigsmansion 8y ago
Yes. This Chinese social credit score undermines the free market in social credit scores, leading to inefficiency and lost opportunities.
- Barrin92 8y agoGiven that most of the value of the system is derived from centralisation of data and applying the exact same standard to every citizen to ensure comparability the free market in this case would not increase efficiency, in the same way healthcare markets don't. Multiple actors would just increase bureaucratic overhead.