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This is exactly why China implemented a “social credit” system, which is an authoritarian version of this kind of power.

ProfXponent 4y ago
The US credit system is plenty authoritarian in its own right.
- jimmaswell 4y ago
  Banks, private entities, deciding who to do business with based on a number they calculate is absolutely not authoritarian. It comes nowhere close to the concept of authoritarianism unless you think a dress code at a club is also authoritarian.
  - ProfXponent 4y ago
pessimizer 4y ago
If "authoritarian" here means virtually identical, except that they also include crimes and misdemeanors. I bet we could do that in the US if the oil on the slope was inclusion of "hate speech/crime." Hiring someone with a history of that is a liability, and lending to those people could lead to losses if they are fired.
TuringNYC 4y ago
The US system is also authoritarian: - There is almost no easy way to fix bad problems. The fixes require huge bureaucracy that only highly motivated people can solve - We like to pretend it works. It does, except for 5% of a population and it really sucks if you aren't in the 95%. People in the 95% dont realize how bad it is for the 5%. By the 5% i'm talking about legitimately credit-worthy individuals being unfairly denied by the system (not un-credit-worthy legitimately denied.) - We like to pretend it is private market driven, but the private orgs driving it have almost government-level power to control your life by cutting off funding
- gruez 4y ago
  >>This is exactly why China implemented a “social credit” system > The US system is also authoritarian, except >- There is almost no easy way to fix bad problems ...as opposed to the chinese system? The whole aim of the social system seems to be to allow punishing people for infractions without having to go through the messy process of criminal prosecution.

ProfXponent 4y ago

The US credit system is plenty authoritarian in its own right.

jimmaswell 4y ago
Banks, private entities, deciding who to do business with based on a number they calculate is absolutely not authoritarian. It comes nowhere close to the concept of authoritarianism unless you think a dress code at a club is also authoritarian.
- ProfXponent 4y ago

pessimizer 4y ago

If "authoritarian" here means virtually identical, except that they also include crimes and misdemeanors. I bet we could do that in the US if the oil on the slope was inclusion of "hate speech/crime." Hiring someone with a history of that is a liability, and lending to those people could lead to losses if they are fired.

TuringNYC 4y ago

The US system is also authoritarian: - There is almost no easy way to fix bad problems. The fixes require huge bureaucracy that only highly motivated people can solve - We like to pretend it works. It does, except for 5% of a population and it really sucks if you aren't in the 95%. People in the 95% dont realize how bad it is for the 5%. By the 5% i'm talking about legitimately credit-worthy individuals being unfairly denied by the system (not un-credit-worthy legitimately denied.) - We like to pretend it is private market driven, but the private orgs driving it have almost government-level power to control your life by cutting off funding

gruez 4y ago
>>This is exactly why China implemented a “social credit” system > The US system is also authoritarian, except >- There is almost no easy way to fix bad problems ...as opposed to the chinese system? The whole aim of the social system seems to be to allow punishing people for infractions without having to go through the messy process of criminal prosecution.