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Q: Will social credits be a black market item?
I think yes, your thoughts?
I can see how people would want to trade in them, but don't see how you'd be able to. If you have good social credit for example and wanted to sell some to me how would that work?
I suppose a corrupt official who worked in the system might be able to sell his favours and improve people's credit or ruin people's credit.. i'd be surprised if that wasn't already happening actually.
hi2u:
If I had good social credit and you didn't and you needed cash, you could pay me to take out a big loan from a bank or open a few credit cards under my name, and then you use the money. That's just an example off the top of my head.
icnif77:
... and what would you (high score) do when I (low score) wouldn't/couldn't pay off the debt on your credit cards?
You would act wisely if you would demand a lot of collateral, which I most likely couldn't provide ...
Stiggs:
Like I said before, if there's a way to profit from the system odds are somebody will be doing it. I bet it's already happening.
Just think of the desperation countless people must feel when they can't put their kid into school, get a mortgage or even buy a train ticket because they have a bad score. That would be where the corrupt officials come in to prey on people's dsperation.
I can see how people would want to trade in them, but don't see how you'd be able to. If you have good social credit for example and wanted to sell some to me how would that work?
I suppose a corrupt official who worked in the system might be able to sell his favours and improve people's credit or ruin people's credit.. i'd be surprised if that wasn't already happening actually.
hi2u:
If I had good social credit and you didn't and you needed cash, you could pay me to take out a big loan from a bank or open a few credit cards under my name, and then you use the money. That's just an example off the top of my head.
icnif77:
... and what would you (high score) do when I (low score) wouldn't/couldn't pay off the debt on your credit cards?
You would act wisely if you would demand a lot of collateral, which I most likely couldn't provide ...
Stiggs:
Like I said before, if there's a way to profit from the system odds are somebody will be doing it. I bet it's already happening.
Just think of the desperation countless people must feel when they can't put their kid into school, get a mortgage or even buy a train ticket because they have a bad score. That would be where the corrupt officials come in to prey on people's dsperation.
Here is Business Insider with article on the same:
https://nordic.businessinsider.com/china-social-credit-system-punishment...
It is all about monitoring ... and (my) bigger concern is how fast will other nations implement the same system.
Everywhere cameras are installed, all it will be added to the Credit System database and punishment/ban or reward will follow shortly ... creepy!
Isn't this fine example of 'black market' and 'corruption'?
FAA (Federal Aviation Administration) 'outsourced' certification of MAX plane's automatised navigation control to producer (Boeing) ... This is no different than if Don Corleone would be trusted to investigate and prosecute criminal world ...
https://www.zerohedge.com/news/2019-03-19/krieger-737-max-saga-total-dis...
Given the plethora of information to emerge in recent days, it turns out the rest of the world was correct to distrust the FAA and Boeing. The most illuminating article on the subject was published yesterday in The Seattle Times, titled: Flawed Analysis, Failed Oversight: How Boeing, FAA Certified the Suspect 737 Max Flight Control System.
If you read one article today, that should be it. It becomes perfectly clear that both the FAA and Boeing played major roles in allowing flawed planes to fly all over the world, and it took two disastrous crashes, as well as the whole world grounding them, to finally act.
icnif77:
Here we go a day later:
https://www.zerohedge.com/news/2019-03-21/goodbye-internet-interference-governments-already-here
Blocking information is also already implemented by various countries through a cooperative arrangement whereby governments can ask search engines to remove material. Google actually documents the practice in an annual Transparency Report which reveals that government requests to remove information have increased from less than 1,000 per year in 2010 to nearly 30,000 per year currently. Not surprisingly, Israel and the United States lead the pack when it comes to requests for deletions. Since 2009 the US has asked for 7,964 deletions totaling 109,936 items while Israel has sought 1,436 deletions totally 10,648 items. Roughly two thirds of Israeli and US requests were granted.
https://nypost.com/2019/05/18/chinas-new-social-credit-system-turns-orwells-1984-into-reality/
AND SO IT BEGINS, the stazi from East Germany has immigrated to China.
Stiggs:
It's a fiendishly clever way to control people I suppose, but god I hope it never makes its way to anywhere I'm living.
I wonder how many people involved in it had family members in the Red Guard.
