Not only can they close an account, they can easily have every other bank, building society, financial provider or utility refuse or end service to you as well. From what Nigel Farage described as happened to him, he will be deemed a risk based on his political stance and CIFAS markers can be added to any name and address in order to do the same thing for up to six years. Which ultimately means you can't even open a basic bank account, can't work, can't pay for utilities or your home if you don't outright own it because they're going increasingly cashless or function in society. All because you have differing viewpoints or criticised a bank or building society.
They work on the basis of no business by default. If they can't trace and verify who you are, you have the same consequence as if you did if you had a mark against your name.
To be fair, the Chinese social credit system, while extraordinarily bad because it's like 1984, mostly targets bad behavior and rewards good behavior. The Western social credit system rewards bad behavior and punishes good behavior.
The West is just Chinese-type repression, but without the competent governance, reason and accountability.
I mean yeah when you wipe out personal responsibility, religion, and traditional culture and make the totalitarian State the sole arbiter of right and wrong, and you have generations who have grew up in a secular police state (naturally with corrupt local officials), there aren't many options to regulate personal behavior. Either you create a Panopticon that can monitor everyone at all times, or you condition them to behave in other ways. China is trying both.
I mean yeah when you wipe out personal responsibility, religion, and traditional culture and make the totalitarian State the sole arbiter of right and wrong, and you have generations who have grew up in a secular police state (naturally with corrupt local officials), there aren't many options to regulate personal behavior. Either you create a Panopticon that can monitor everyone at all times, or you condition them to behave in other ways.
Honest to God, I thought you were talking about the West right up until you mentioned CHY-na.
With the forthcoming obesity strategies that the west will be rolling out this decade, I can see tackling obesity in society as one of the ways states will get commentators and the public, including those who were anti-lockdown and anti-vaccine mandate, to support a social credit system.
Not only can they close an account, they can easily have every other bank, building society, financial provider or utility refuse or end service to you as well. From what Nigel Farage described as happened to him, he will be deemed a risk based on his political stance and CIFAS markers can be added to any name and address in order to do the same thing for up to six years. Which ultimately means you can't even open a basic bank account, can't work, can't pay for utilities or your home if you don't outright own it because they're going increasingly cashless or function in society. All because you have differing viewpoints or criticised a bank or building society.
Does this mean its safer to have a name of “John Smith” - (Or Muhammad Abdul if in the UK)
The banks surely cannot block anyone with an “untraceable” name?
They work on the basis of no business by default. If they can't trace and verify who you are, you have the same consequence as if you did if you had a mark against your name.
Chinese Social Credit Scores are on The Right Side of History!
WARNING: CONTROVERSIAL COMMENT INCOMING
To be fair, the Chinese social credit system, while extraordinarily bad because it's like 1984, mostly targets bad behavior and rewards good behavior. The Western social credit system rewards bad behavior and punishes good behavior.
The West is just Chinese-type repression, but without the competent governance, reason and accountability.
I mean yeah when you wipe out personal responsibility, religion, and traditional culture and make the totalitarian State the sole arbiter of right and wrong, and you have generations who have grew up in a secular police state (naturally with corrupt local officials), there aren't many options to regulate personal behavior. Either you create a Panopticon that can monitor everyone at all times, or you condition them to behave in other ways. China is trying both.
Honest to God, I thought you were talking about the West right up until you mentioned CHY-na.
With the forthcoming obesity strategies that the west will be rolling out this decade, I can see tackling obesity in society as one of the ways states will get commentators and the public, including those who were anti-lockdown and anti-vaccine mandate, to support a social credit system.
I doubt that very much. There are too many vested interests in obesity for anything serious let alone draconian to be done about obesity.