The Extra Credits video series has a great segment on Sesame Credit, the Chinese government's public-private "reputation economy" that uses your social media postings, purchases and known associates to assign you a public score rating your citizenship and reliability.
As EC points out, the private suppliers to this system give it a particularly sinister character: Tencent, the Chinese company that operates one of the largest social media networks in China as well as owning large stake in many western games companies; and Alibaba, the giant electronic retailer that is even bigger in China than Amazon is in the USA.
By gamifying the system, the politburo will get citizens to police each other -- making sure that their friends and relatives aren't engaging in conduct that brings down their scores. It's a kind of cost-effective, soft, "positive reinforcement" that shortcuts the usual popular anger created by heavy-handed policing -- the social equivalent to the 50 Cent Army, who backstop China's censorship system with astroturf comments that undermine the credibility and reputation of anyone who raises questions about fairness and corruption.
The system is voluntary now, but the politburo says it will be mandatory by 2020. Already the participants in the "game" are behaving in precisely the way that the politburo wants them to: by policing the people on their friends lists, evincing politically palatable beliefs, and making purchases of the sort they are directed to make.
Bitcoin’s spiking prices have been driven almost entirely by Chinese money-launderers trying to beat the country’s currency controls — controls that have tightened so much that it’s tanking the world’s real-estate markets as offshore buyers abandon their deposits and disappear.
Yuhuang Shannan — an hour’s high-speed train journey from Shanghai — is a newly formed, walled village in which only hedge fund employees and their visitors are allowed to venture, a kind of Canary Wharf with Chinese characteristics, with schools staffed by non-Chinese teachers, a private club, and its own health care facilities.
Alibaba subsidiary Taobao has given rise to “Taobao Villages” — 18 villages that were once among China’s poorest places, where former peasant farmers have attained prosperity by working in factories that produce a single class of goods (for example, Daiji township, a remote town in Shandong where most working age people have moved away, is […]
Not all hackers are malicious information thieves—white-hat ethical hackers work with technology companies to ensure the security of their computer systems and user data. With all of today’s high-profile data breaches, ethical hackers are in considerable demand. To learn these critical skills and break into the high-paying cyber security field, try taking the courses in this […]
Making people aware of goods and services in the digital age requires an array of new strategies from social media and email to number-crunching tools like Google Analytics. To get a handle on the techniques used to capture attention and convert traffic into dollars in a crowded online environment, the Full-Stack Marketer Bundle offers 22 hours of training to get […]
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