Who needs China's Social Credit system if we can build a better one ourselves?
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/140453567076540825...
2. https://foreignpolicy.com/2021/09/15/china-social-credit-sys...
3. https://www.demos.org/research/discrediting-america-urgent-n...
4. https://www.forbes.com/sites/johnwake/2023/03/31/us-has-3rd-...