[zer00eyz]

Credit cards are very literally a social credit system.

OH did you play by the rules, well then you get "cash back" on your purchase. Oh you didn't play by the rules, well the 3 percent markup that is on everything purchased with credit is going in the pocket of someone else. You should do better and we will give you some of that money back. Thanks for playing and do remember dont be poor.

Im a very pro capitalism type of person, but our credit, and credit card/transaction system is fucked up on a lot of levels.

[dinkumthinkum]

Credit cards are not cash and you are not forced to use them. Nevertheless, I welcome you to research the Chinese social credit system and tell me if that is really the same thing as FICO. FICO is simply about paying debt; I know dirt poor people with fantastic credit scores. This is not the same thing. This is why we are in danger of a social credit system because our culture now equivocate the two already.

[zer00eyz]

>>> This is why we are in danger of a social credit system because our culture now equivocate the two already.

Oddly this is actually NOT true: https://www.tandfonline.com/doi/full/10.1080/13504851.2024.2...

For the Chinese, and their recent introduction to capitalism the social credit score is a way of enforcing some Chinese cultural things and a lot of "communist" things (ala "little pinks").

In America social stratification and fiscal stratification are linked. Poor people don't get to go to an ivy without brains, rich kids don't really end up at community colleges do they? If you don't think merchants giving %3 to cc companies and not being able to pass that cost on to customers isn't a bite on everyone who isn't using credit I don't know what to tell you.