https://www.theatlantic.com/business/archive/2016/02/debtors...
https://www.theatlantic.com/business/archive/2016/02/debtors...
I think the big question to ask is whether these policies are geared to pressure/aid people in getting into a better financial situation, or whether they're geared to permanently punish people who got into a bad situation in the first place. The part mentioned above sounds like it could be the former, but:
"...the system needs to be improved so 'discredited people become bankrupt.'"
Sounds pretty condemningly like the latter.
Of course, the flip-side of maximal executive power is that it can be abused. In the past that's how authoritarian governments have basically always turned out. But China seems to be getting closer than any other to creating a version that's actually functional. It's scary, but also fascinating to watch from afar.
Every 8 or so years there is another crackdown on corruption, as part of political housekeeping. Each time they say the problem is fixed, but then it comes back.
China is the worst example of “getting things done” if that is your standard. The central government has been less powerful than you would think historically. Now, is it “different this time”? Maybe, but it definitely wasn’t before.
There are very few types of debts a western country will imprison for: Official fines (for a crime that you were proven guilty of) and child support are pretty much the only two in the US.
From the article: "it is unclear what offenses those targeted in the travel ban have committed."
"Hou Yunchun, is quoted as saying the system needs to be improved so "discredited people become bankrupt."
Trying to compare those two systems is pretty blind. You can argue the US system isn't perfect, but it's hardly the same.
Seeing as it's basically indentured servitude, I'm not sure how I feel about it. It's definitely better than prison though, because you're still (more or less) free to move around whenever you're not working.