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The State Council sought to accelerate the development of social credit and, in 2014, issued the Planning Outline for the Construction of a Social Credit System (2014-2020). [ 16 ] : 78 The Planning Outline was a major step in China's approach to developing a social credit system; before the 2014 Planning Outline , there had been only one high ...
Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas.Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them.
Social credit may refer to: Social credit, a distributive philosophy of political economy Canadian social credit movement; Social Credit System, a Chinese national credit rating and blacklist system; Social Credit Board (1937–1948), a committee in Alberta, Canada
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An advisory group to the European Union has suggested that the body bans systems of rating individuals automatically. In its latest report, the EU's High Level Expert Group on Artificial ...
Credit scoring systems are seen as scheme to classify individuals creditworthiness necessitated by the loss of these collective social services. [10] [12] The credit scoring system in the United States has been compared to, and was the inspiration for, the Social Credit System in China. [13] [14]
The Social Security Administration has announced changes for 2023, including the value of one work credit rising from $1,510 to $1,640. ... For 2023, you must earn $1,640 to get one Social ...
The scoring system has also been studied as a form of classification to shape an individual's life-chances—a form of economic inequality. [62] The classification scheme is necessitated by the loss of collective social services and risk. [63] The credit scoring system in the United States is similar to the Social Credit System in China. [64]