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It's not really malfunctioning, in my opinion. It's more or less designed to violate individual privacy and offer as many people access as efficiently as possib
by jollyllama 4y ago
It's not really malfunctioning, in my opinion. It's more or less designed to violate individual privacy and offer as many people access as efficiently as possible.
Neither free market absolutism nor exceptionalism are the reason that it's designed this way. At least, not in the way that I think you mean it. Rather, it's because the current economy of the USA is an inflationary credit economy. It's a very un-free market; a great example is education. The government subsidizes loans which drive up the price, and put people in debt so that they are more desperate to take jobs.
- deleted 4y ago[deleted]
- lesuorac 4y agoI mean, a credit report is only useful if it actually tells me about _your_ credit worthiness. Sure, some Elon Musk guy might have enough credit worthiness to make a $44 billion purchase. But are _you_ Elon Musk or just some guy impersonating Elon Musk? Fraud may not be rampant enough currently but if Experian/etc continue to help fraudsters it will just keep getting worse.