If you have too much debt and bad credit, it may be tough to get credit cards and loans. The idea is that people who are less likely to pay pack lenders get less credit. Well imagine if there was a social credit system. But it was the government that used it to decide who could travel, or live in certain apartments. Imagine if your social credit was too low to send your kids to a private school, or get a better job. But what kind of behavior would warrant such a score? China is about to answer all our questions.
The country has a pilot program for a social credit system. The government will rate citizens based on how loyal they are to the State. Already almost 10 million Chinese citizens have been blacklisted. The Chinese government has ultimate control over their citizens’ lives because almost everything requires the national ID card. And the number assigned to citizens can simply be restricted for whatever the government wants to take away. CONTINUE