3 ms·
Who needs China's Social Credit system if we can build a better one ourselves?
by antondd 3y ago
Who needs China's Social Credit system if we can build a better one ourselves?
- jchook 3y ago"What are we? A bunch of ASIANS?!?!???"[1] China's "Social Credit System" is exaggerated by the media[2]. Meanwhile in the US, "credit scores" materially affect the lives of every resident, determining who can own a house for example[3]. In the US, only 23% of people own their home outright[4]. In China 90% own their home with no mortgage and no property tax[5]. 1. https://twitter.com/hermit_hwarang/status/1404535670765408256?lang=en https://twitter.com/hermit_hwarang/status/140453567076540825... 2. https://foreignpolicy.com/2021/09/15/china-social-credit-system-authoritarian/ https://foreignpolicy.com/2021/09/15/china-social-credit-sys... 3. https://www.demos.org/research/discrediting-america-urgent-need-reform-nations-credit-reporting-industry https://www.demos.org/research/discrediting-america-urgent-n... 4. https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-lowest-percentage-of-households-that-own-their-homes-without-mortgages/?sh=2d1c357e3124 https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-... 5. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7546956/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7546956/