Your credit score in the US is analogous to the social credit system in China. Why is no one outraged about the maintenance and current use of credit scores in the US?
Discussion
Not even close. Knowing your performance on past loans isn't analogous to knowing your support of the existing administration.
The only thing that lowers your credit score is financial behavior, the only thing it's used for is financial activities.
Hmmm. Your credit score is used for an amazing range of assessments for suitability and product pricing. Example, insurance rates. I disagree with most of your statements here, as your financial behavior has clear and direct correlation to your support of administration and the health of the economy and society you interact with. It is social credit with a different name.
insurance "rates" are economic activity.
And no my credit score is high and I don't support Biden or Trump.
I respect your views, but see it differently. I think the rating has not reached the apex of its usefulness yet. Like it if you will, likely because it’s beneficial to you now, but know the day is coming when it will be used to quell dissent in you and others.
Indoctrination
A credit score assesses whether you might make a profitable victim.
A social credit score assesses whether you might make a profitable perpetrator.
They are both bad, but they are differently bad. I'm sure we already have both in Australia, just not as transparent about it as China.
Individual businesses chose to voluntarily share information about how well their individual customers repaid their bills. These individual businesses saw it in their interest to share this information as they feared each individually offering loans to new customers that had already failed to repay previous loans. What role do you think the state should take to intervene in these voluntary arrangements?
Fundamentally I’m not outraged by credit scores because it is fundamentally your *reputation*. And the human species naturally learns and shares what peoples reputations are.