China reportedly made an app to show people if they're standing near someone in debt

It hopes to get citizens to monitor the so-called debtors and report them to authorities if they seem "capable of paying their debts."

Xi Jinping gang, pls explain yourself

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archive.is/tMcf9#selection-1523.0-1541.140
archive.fo/86LVm
ftalphaville.ft.com/2018/03/06/2199125/chinas-household-debt-problem/
twitter.com/AnonBabble

t. US state department

forgot link
archive.is/tMcf9#selection-1523.0-1541.140

This is a good idea.

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why would China do this?

They're wreckers and should be punished

Debt is a fucking punishment, you retard.

If they're capable of paying, they have to pay. If not, lock them up. I fully support Xi in this as he continues to develop the forces of production.

Yes, can't wait for false reports by idiots who just hate poor people.
Like that would never happen under capitalism.
Oh wait…yes it would

They will obviously be able to tell who is legitimate or not. There is zero reason not to support social credit. Mass surveillance is a feature of the modern state, even for the Dictatorship of the Proletariat

...

The bourg have access to this info in America at all times. This is actually better since it it publically available.

How?
That system is just asking to be abused.

Except there shouldn't be a credit system in the first place, because a credit system itself is capitalist. Enjoy your capitalist hell scape, I guess.

China is a worker’s state and America is a bourgeois dictatorship. Big difference

Naive or trolling, hard to tell.

Actual worker's states implement social policies to improve the lives of working people. Unless the Chinese are bugmen that support their own exploitation and are sacrificing their own health and happiness for the good of the hive, it's hard to believe that China is a worker's state.

Didn't Zig Forums's Dengoids constantly shill in favour of this claiming it will only affect their billionaires and millionaires or some other bullshit justification?

Fucking why?
So everyone around you can become conditioned to serve the interest of capital more willingly?
Terrible take

China is under a socialist government and in control of the commanding heights in the sphere of production of the economy, just like Russia under the NEP, which had similar policies and worked to attract private capital and made concessions to foreign capitalists and mixed companies.

Yes, famously, the Soviet Union was a capitalist state in practice for about 40 years.

Not everyone wanted to end the NEP so quickly. China was in a much tougher position that Russia ever was, not to mention much less developed. It's quite telling how the majority of this board are ultra-leftists and denigrate the progress set into motion by Deng. Deng is like Lenin. He was opposed by many, but he pushed the NEP through for the good of his country.

Copy pasted argument, from a based user

Comparing China's situation to NEP is plain retarded. NEP permitted foreign investment and market competition between worker-owned enterprises, but private employment was strictly limited and industry wasn't privatized. Meaning that a real bourgeoisie class did not form and when they started rolling it back, the only opposition could come from rural kulaks and small store owners. Meanwhile China has literal billionaires. Even if the CPC decided to construct socialism tomorrow, they'd have to do it through bloody class war (and I doubt there is political will for it). China fucked up, there's no other way about it. It's been 40 years.

This is the power of anti-NEPtards

More proof that China couldn't possibly be less socialist. All the party cares about is upholding the state capitalist order. The social credit system is just the latest way of keeping the working class in check

Dengoids, everyone.

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Yes
At every opportunity, too.

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Stop.
This has been gone over a hundred times
The Social Credit system has nothing to do with "Punishing people for being in debt" (Which would make no sense anyway since very few Chinese people actually even hold personal debt) but is an Anti-Parasatism and Corruption mechanism

link is here

Here's another one
archive.fo/86LVm
It's a state run paper.

Meant for

Also, as far as debt, I'd like to see something on that.
Most sources I find say it's low compared to other countries, but steadily growing.
ftalphaville.ft.com/2018/03/06/2199125/chinas-household-debt-problem/

Isn't this a "if we mark the slaves as slaves with a specific color, they will realizing how many are slaves" issue?

Chinese millenials are much better off financially than American millenials. they don't have as many debt slaves.

This is ok because at it's China, right guys?

Damn larpers

The objective of socialism is to have NO debt slaves

That's because Chinese families aren't spooked to US throwing out their kids as soon as they turn 18 tier.

freedom isn't free :-DDD

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So the point is to deal with petty bourg who live big while shirking debts.

how do them boots taste dengy boi

yawn

use the china thread