The Road Ahead For Social Credit Rating

In the book “Social Credit Rating” you can read a lot about the nature and content of the social credit system, learn about governance, law and sustainability, as well as methods, models and functions. But what does that mean – for citizens as well as for companies? How can, how will Social Credit Rating change the world in the future?

Social Credit Rating is to be understood in the context of global digital transformation and geopolitically in the midst of the world-changing triad of “political systems”, “economic systems” and “digital systems”. As a digital system, it is crucial for Social Credit Rating which overarching values ​​guide this technology in its interrelationships with business and politics and with which goal it is used.

In democracies, Social Credit Rating systems can help preserve citizens’ freedom. In autocracies they run the risk of becoming an instrument of everyday hostage that restricts individual freedom. In the economy, Social Credit Rating can support entrepreneurial assumption of responsibility, for example in the fight against climate change; in state capitalism, the fear is justified that Social Credit Rating mainly serves to build totalitarian power.

I recommend that you read the Contribution by Prof. Bernd Thomsen in the book “Social Credit Rating” by Springer.

Dr. Oliver Everling, RATING EVIDENCE GmbH

So it shouldn’t be about discrediting Social Credit Rating, but about questioning the intentions of those responsible for digital rating systems. The current global crisis of meaning of the liberal democracies coincides with a shift in power in favor of repressive regimes. The current depression of capitalism coincides with a hype of state capitalism. Many people are just beginning to understand the extent of this. Social Credit Rating is a factor to be taken seriously not only in its transformative effect, but also for the western industrialized nations.

Prof. Bernd Thomsen

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