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And what's even funnier is that some Americans make fun of the Chinese social credit system. 😂
Doesn't the Chinese system also limit access to social services in addition to loans?
Yes, the Chinese social credit system is a government created thing that's more a way to punish people who don't do what the government wants.
The American one looks dystopian at first glance, but it's privately created by and for lenders so they all have a shared understanding of the optimal amount and rates to lend to someone. If you or I sit down and make a spreadsheet ranking houses we might buy or quality of restaurants near us, and then give them to a friend so they don't have to create their own from scratch, we're doing something not that far off from what credit scorers are doing.
I have no idea, to be honest. But our credit score is a fucking nightmare when it's low. You can't do shit without.
So basically you don't know how the Chinese system works but the American system is worse? Because America == bad? Nice in-depth analysis.
Not a deep understanding. Just surface level. No need to be worked up over it. Fuck America anyway. Country sucks dick anyway.
They're both stupid.