I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
It’s our version of China’s social credit score.
There’s no such thing as “China’s social credit score”. All of thar came from small local projects and miss translating articles.
Edit: https://youtu.be/Kqov6F00KMc for the 10000 people whose just today are learning about it.
Your social score has increased to: 🌟🌟🌟🌟
Thank you for your continued support in defense of this system. Your alliegance has been noted.
But what does Mr. Translating have to say about the situation?
He can’t be arsed to care at all, frankly.
That is not true. I have had Chinese friends tell me that for example you cannot fly on a plane if your social score is too low.
He gave you any proof, or just told you? Care to share it?
If any other random person wrote an article, would you believe them more?
The guy that have been doing videos on geopolitics and China for years or the friend of the guy on lemmy?
Also: https://merics.org/en/comment/chinas-social-credit-score-untangling-myth-reality
Are you sure it’s 10,000? That sounds like a lot.
The 10,000 part is a reference to this XKCD comic
Except we don’t get the free housing and tuition, the cheap and efficient mass transit, or the retirement at age 55.