This is full on terrifying. Many of our readers would probably be relegated to “junk credit” status overnight. If you are in China and reading this, please don’t leave a comment. We don’t want you to miss out on a mortgage. (Not really an issue as most of our stuff – most – appears to be outside of the “Great Firewall” of China.)
This score is linked to one’s Citizen ID number and it is all about manipulation, not risk evaluation it appears. This is some seriously sick stuff and don’t think that governments in the West aren’t following how this program goes.
Fight this sort of thing everywhere. Truly, a crony nightmare. Government gets what it wants. Government controlled banks get what they want. “Citizens?” Well, just be happy you aren’t getting a knock on the door in the middle of the night. The government will just crush you into compliance virtually.
Basically it is comply or “die.” Every aspect of your life in the hands of the bureaucrats.
(From Computer World)
Gamer? Strike. Bad-mouthed the government in comments on social media? Strike. Even if you don’t buy video games and you don’t post political comments online “without prior permission,” but any of your online friends do….strike. The strikes are actually more like dings, dings to your falling credit score that is.
Thanks to a new terrifying use of big data, a credit score can be adverselyaffected by your hobbies, shopping habits, lifestyles, what you read online, what you post online, your political opinions as well as what your social connections do, say, read, buy or post. While you might never imagine such a credit-rating system in America, it is happening in China and the ACLU said it serves as a warning for Americans…
…The new “social credit system” is linked to 1.3 billion Chinese citizens’ national ID cards, scoring them on their behavior and the “activities of friends in your social graph—the people you identify as friends on social media.” Citizens’ credit scores, or “Citizen Scores,” are affected by their own political opinions and the political opinions of their friends as well. The system leverages “all the tools of the information age—electronic purchasing data, social networks, algorithmic sorting—to construct the ultimate tool of social control,”according to Jay Stanley, Senior Policy Analyst for the ACLU Speech, Privacy & Technology Project.