Counter argument–having bad credit is also meaningless if you can never afford to purchase something like a house, and you’re ok with purchasing used vehicles and renting from smaller landlords and not property management companies.
Respectfully, that is apples to oranges. You are unable to function as a regular person in China with bad social credit. Here you can’t get loans and sometimes your employer sees.
Comparing the American president to a cartoon character doesn’t stop you from being able to fly. You have no idea how deep China’s social credit system goes if you think it’s at all comparable to just getting higher interest rates.
Counter argument–having bad credit is also meaningless if you can never afford to purchase something like a house, and you’re ok with purchasing used vehicles and renting from smaller landlords and not property management companies.
Credit is a fucking scam to begin with. It’s insane what companies like Equifax have gotten away with.
It’s a far less bad scam than the previous version of be a white guy that’s friends with the local bank.
No. At least under that shit system your information wasn’t hacked and you didn’t have zombie debt.
Wholeheartedly agree. And then we go around panicking about the authoritarian social credit shit China has. Mfer we’ve have social credit for decades
Respectfully, that is apples to oranges. You are unable to function as a regular person in China with bad social credit. Here you can’t get loans and sometimes your employer sees.
Comparing the American president to a cartoon character doesn’t stop you from being able to fly. You have no idea how deep China’s social credit system goes if you think it’s at all comparable to just getting higher interest rates.