Welcome to Finance & Fury, the Say What Wednesday Edition, where every week we answer questions from you guys, the listeners! This week’s question comes from Gabriel;
“Hi Louis, I listened to an episode on NPR on the Chinese Social Credit System and thought I'd like to hear your thoughts on it. Is it a dystopian future? or an unavoidable path that started with the loss of privacy on the internet?"
That’s a great question, so today we’ll run through the potential downfall of China, what this is social credit system, why they are doing it, and looking at what the future holds in store as well.
The outcomes depending on your score:
Let's get back to Gabriel’s question: Is it a dystopian future? Or, an unavoidable path that started with the loss of privacy on the internet?
However, the populations tend to grow, SO the socialists need population control to continue scraping by as there is little new wealth created.
The only difference between Nazis and Communists was that Nazis saw non-Arians as resources to be used or exterminated, while Communists saw everyone as resources to be used (or exterminated).
“Socialism is submission of the masochistic masses to the will of the sadistic elites.” – A.E. Samaan
Tune in next Friday - I will start with a bit of history, and then talk about a bit of a blueprint for and the warning signs of a socialist system taking over.