Monday, August 27, 2018
China has started implementing its social credit system; could such a concept happen in the US with credit reporting?
Business Insider has reported that China has already started implementing its social credit system, based on surveillance.
People who get penalized can be denied some accommodations and Internet services. Some of the bad behaviors are familiar in credit reporting (late payments), but they also include, spending too much time on video games.
Could anything like that ever happen in the US? Could charities get control of ranking individual citizens’ “community engagement”?
There’s also a problem that when people use sharing economy services (rideshares and especially Airbnb) they can build up reputations as consumers. Could these find their ways into the credit reporting systems?