You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
-Great Cultural Revolution
Democrats Move to Take Over Your Credit Score and Go Full 'Woke' – Just Like Communist China
2021-07-13
[PJ Media via InstaPundit] That was fast. Here come the Chinese-like social credit scores.

Leftist Democrats, but I repeat myself, are making no secret of their plans to become more like their comrades in China. They support vaccine passports for COVID mRNA shots in order for people to receive certain social rewards such as going to school or attending a Major League Baseball game, just like the social credit score system in the People’s Republic. Now, Democrats and Congresswoman Maxine Waters, the chair of the House Financial Services Committee, want your FICO score to go full "woke."

They’re not even trying to hide it.

USA Today reports that in testimony before Waters’s committee on June 29, the counsel for a group called the National Consumer Law Center, Chi Chi Wu, a product of Harvard and Johns Hopkins, gave away the game on how her law-fare grifting group and people like them want to change FICO credit scores. Wu and her fellow travelers got a warm reception at the three-hour-plus hearing.

Wu wants the government to take over the credit scoring "now," which in her magical utopia would include response "to public pressure" without putting "profit-making as their top priority."

While public agencies are not perfect, at least they would not have profit-making as their top priority. They would be responsive to public pressure and government oversight. They could also be charged with developing credit scoring models to reduce the yawning racial and economic inequality in this country.

The fact that these are private, profit-seeking companies explains why the credit bureaus are constantly expanding their products into uses, such as employment, insurance, and tenant screening, that ultimately harm Americans and contribute to the massive inequality in our nation.
Related:
Social credit score: 2020-10-07 Only Full Transparency Will Save CIA, FBI Now
Social credit score: 2019-12-29 UN Begins Process of Handing Internet Control to Ruthless Dictators
Social credit score: 2018-04-26 China Assigns Every Citizen A ‘Social Credit Score' To Identify Who Is And Isn't Trustworthy
Posted by:Snomoth Whereling9836

#4  In the cosmic lottery my number is



What is yours ?
Posted by: Omaique Smith3538   2021-07-13 19:41  

#3  "...They've given you a number and oh, they've taken 'way your name." --Lyrics from Secret Agent Man(1966)
...made banal by a faceless bureaucracy.
Posted by: magpie   2021-07-13 19:16  

#2  Waters is out of her mind. My favorite Waters moment was when she asked a banker during a congressional hearing why student loans debt was so high. He replied that the banks had nothing to do with it since the government had taken over the student loan program in 2010.
Posted by: Clans Omiling7802   2021-07-13 15:38  

#1  Shit, I didn't get the home loan. Does anyone know where I can find a Lincoln statue?
Posted by: jack salami   2021-07-13 09:45  

00:00