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darthoctopus | 6 months ago
> Here's what's actually happening. As of 2024, there's still no nationwide social credit score in China. Most private scoring systems have been shut down, and local government pilots have largely ended. It’s mainly a fragmented collection of regulatory compliance tools, mostly focused on financial behavior and business oversight. While well over 33 million businesses have been scored under corporate social credit systems, individual scoring remains limited to small pilot cities like Rongcheng. Even there, scoring systems have had "very limited impact" since they've never been elevated to provincial or national levels.
Compare that to the situation with, say, credit scores in the US --- wholly run by an oligopoly of three private companies, but fully ingrained into how personal finances work here. At least a publicly run credit score would be held accountable, however indirectly, to voters and the law; and its safety might be treated as a matter of national security, rather than having Equifax and Experian leaking data like clockwork.
torginus|6 months ago
The fact there's a credit system that protects banks from the people makes it painfully obvious who is in charge of Western society - consider this:
You take out a loan to contract the company to build you a house. The company defaults and disappears overnight. The bank is protected automatically but it's up to you have to run after your money yourself.
slightwinder|6 months ago
To be fair, that's the outcome. But there has been attempts to make more problematic, more intrusive, darker versions of this. They just never worked out for technical or ethical/legal reasons. And they made a nice picture to frame the competing culture, darker than they are.
greyw|6 months ago
skeezyboy|6 months ago
oh yeah and whos guaranteeing borrowers for these banks? source would be nice but I bet you dont reply
Animats|6 months ago
China has had a lot of official social control for centuries, but it was local and managed by local cops.[2] As the population became more mobile, that wasn't enough. But a single national system never emerged.
There was a work record history, the Dang'an, created by the Party but to some extent pre-dating communism. This, again, was handled locally, by Party officials. This system didn't cope well with employee mobility. But it didn't get built into a comprehensive national system, either.
China is authoritarian, but most of the mechanisms of coercion are local. Local political bullies are a constant low-level problem.
Kind of like rural Alabama.
[1] https://www.technologyreview.com/2022/11/22/1063605/china-an...
[2] https://en.wikipedia.org/wiki/Hukou
[3] https://en.wikipedia.org/wiki/Dang%27an
gowld|6 months ago
darthoctopus|6 months ago
timeon|6 months ago
NoGravitas|6 months ago