> It makes me think maybe China's social credit system might be more effective than what we have now.
This whole Bird situation is horrible. Plenty unfortunate people made an investment in becoming fleet managers. Some are now bankrupt.
This is bad. However, if they were in the Chinese social credit system, their lives would be ruined forever. This black stain would follow them around everywhere, for the remainder of their lives.
In the US there is a liberal bankruptcy system. It allows people who for various reasons failed at their venture to have a clean start after some time passes.
Bankruptcy sucks. It’s a major life-impacting event, even in the US. But you can recover from it. You can have a fresh start.
I see the appeal of a social credit system. The US has some diminished version of it. But it is not as absolute and draconian as China’s, and that is a feature that many people fail to appreciate.
It’s not that hard to appreciate though. Imagine yourself failing at your business venture. Really picture it. Don’t make excuses that “I would be smarter than that.” Just imagine a really unlucky situation. And now think about which system would you rather be in.