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Andrew Korybko — China’s “Social Credit” System: Dystopia By Design Or Successful Social Engineering?

Summary:
The game-changer, however, is that China’s “social credit” system will introduce so-called “algorithmic governance” that sees complex AI programs replacing human decision makers when it comes to enforcing the country’s socio-legal standards. This necessitates that that the government eventually obtains full video and digital control over every aspect of the country and integrates these two systems into a holistic one that also doles out the privileges and penalties associated with citizen and company behavior in real time. Accordingly, this massive endeavor also requires gargantuan amounts of electricity to power the computer processors responsible for running this system and retaining all its data, meaning that it’s probably still many years away from nationwide implementation. Oriental

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The game-changer, however, is that China’s “social credit” system will introduce so-called “algorithmic governance” that sees complex AI programs replacing human decision makers when it comes to enforcing the country’s socio-legal standards. This necessitates that that the government eventually obtains full video and digital control over every aspect of the country and integrates these two systems into a holistic one that also doles out the privileges and penalties associated with citizen and company behavior in real time. Accordingly, this massive endeavor also requires gargantuan amounts of electricity to power the computer processors responsible for running this system and retaining all its data, meaning that it’s probably still many years away from nationwide implementation.
Oriental Review
China’s “Social Credit” System: Dystopia By Design Or Successful Social Engineering?
Andrew Korybko
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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