I always assumed credit scores were an integral and historic part of the American financial system.
They were not, they are very recent，most of your parents didn’t have credit scores growing up, and as you can probably tell or at least intuit, it’s mostly just a b******* scheme for those with capital to accrue more capital by invading your privacy.
So we invented social score just before the 90s, and everyone just shrugged and said okay. I guess that’s cool. But we freaked out when china did the same thing a decade or two later, not realizing we’ve had it the whole time.
Chinese social credit can be deducted for associating with people who shares opinions the state disapproves of. Thereby weaponizing social ostricism for control.
So can credit, and especially the lesser talked about insurance scores.
You’re telling me your insurance score will go down if you like a post on Facebook that is critical if the US government?
sure. it likely puts that person in a riskier category than someone unwilling to protest in any form.
Gonna need a source for that one. I’ve said some pretty awful things about the government but my credit score is all me.
I didn’t say anything about the government, credit scores are private. It’s irrelevant though who the boot belongs to.
https://www.priv.gc.ca/en/opc-actions-and-decisions/investigations/investigations-into-businesses/2017/pipeda-2017-003/
https://www.npr.org/sections/health-shots/2018/07/17/629441555/health-insurers-are-vacuuming-up-details-about-you-and-it-could-raise-your-rates
It’s difficult to know just how much data is aggregated through these as they are completely private and only traded via data brokers.
I think it’s naive at best, willfully ignorant at worst, to deny that these scoring systems are in place and use a vast array of data including very detailed spending habits.
Or your medical score. That one’s a real hidden bitch
This is a good point, although you can still legally buy plane tickets and attend public events or go to school regardless of your or your family’s credit score in the states, which is not possible in China
Yeah, theirs is more intense, I agree. But we definitely have one. It’s your good little capitalist score, and if you don’t have a good score you can end up homeless bcz nobody will rent to you or sell you a house.
Or buy a car. Or start a business. Yup.
I think you missed my body text, I am totally on the side of credit scores bring utter bullshit.