If I just broke contracts left and right, my credit rating would be ruined and I’d struggle to get any more financing. Yet this guy continues to leave a longer trail of financial wreckage behind him with few consequences. Our financial system is broken
The social credit rating system is just for poor Americans. Most people in the world don’t have a credit rating, and neither do rich Americans or big companies.
If I just broke contracts left and right, my credit rating would be ruined and I’d struggle to get any more financing. Yet this guy continues to leave a longer trail of financial wreckage behind him with few consequences. Our financial system is broken
The
socialcredit rating system is just for poor Americans. Most people in the world don’t have a credit rating, and neither do rich Americans or big companies.Big companies and even countries very much so have credit ratings. That’s what bond ratings are.