This kind of thing really scares me and we'll probably all do it voluntarily to save 99 cents a month on Netflix or some shit.
> Credit expert Hu Naihong, who is advising the government on this project, disagrees.
Oh, expert for the government disagrees, my bad, I shouldn't question it.
> It may seem odd to Americans, but Hu said it’s necessary to include morality and ethics when it comes to assessing creditworthiness.
Yes, I know it's just a *thing* that societies do, that whole defining morality and ethics on a whim thing, but the problem is that these can see-saw greatly in a few years or a decade.
You're gay and society looks down upon that? Now you can't get credit, either. You're X party and Y party is in power? You can't get credit. Let's ostracize you socially **and** financially. That's the definition of evil right there.
This is terrifying and have no doubt western politicians are looking at it waiting to see how it goes and what parts work and what parts do not.
Hmm sounds like that one Black Mirror episode "Nosedive"
It's like that evil "Yelp for people" app.
Except instead of being a terrible and useless idea, it's a cunning and effective one. Because it's not blackmailing people into tearing down the identities of others, it's bribing them to.
I am more interested that Chinese people seem to be doing really well without credit agencies, credit cards and mortgages. We might be able to learn something here.