Tag Archives: social credit

Singapore has had an even more "draconian" (from the US perspective) social policy than China for many years. Ever hear of it in the US media that trumpet the "Singapore miracle"?The fact is that Asians are traditionally much more social than Americans, who are the most highly individualistic people in the world. One nation's "liberty" is another's "license." This is also the case internally in the US, and it is one factor in the extreme divisiveness that the US is now experiencing socially...

China did not have a credit rating system previously and the quickly expanding economy along with ecommerce required one, since credit is an essentially aspect of a modern monetary production economy, which China adopted during the era of Deng Xiaoping in introducing a market-based economy. Apparently it is a popular in spite of receiving a lot of bad press in the West as being controlling. Well, it turns out that the Chinese are fans of good order and tehy view the social credit system as...

This is the first detailed examination of the Chinese social credit system that is being introduced.  SSRNChina's Social Credit System: An Evolving Practice of ControlRogier Creemers, Leiden University - Van Vollenhoven Institute ht Tyler Cowen at Marginal Revolution

Sort of like taking away one's driver's license in the US for offense like reckless driving, accumulating too many citations in a period, or driving while intoxicated. It's unclear in the US why persons are put the no-fly list since the government does not have to divulge the reason. The two statements published on NDRC's website elaborate on cases which would garner a bad rating. One statement says that restrictions on train travel apply to people who've engaged in wrongdoing, as defined...