Do people want to go back to the system that was used before credit scores? Where the person serving the loan just made the choice based off if they thought you seemed trustworthy? Aka were a white man who went to the same church as them.
What were people doing before high fives??
a year ago by The Picard Maneuver to c/microblogmemes
Do people want to go back to the system that was used before credit scores? Where the person serving the loan just made the choice based off if they thought you seemed trustworthy? Aka were a white man who went to the same church as them.
Maybe the answer is less reliance on a debt based economy. Maybe the answer is to not bake into the fabric of society a mechanism that makes a lifetime of debt a foregone conclusion. Kill the loan shark for all I care. Why does everyone need a loan? Because it's built to require one.
It's so cute you think that credit scores aren't racist.
That's not so bad even
Aka were a white man who went to the same church as them.
in this case, because that's a local direct connection as opposed to centralized.
The world works better when people help those closer in the society to them first. That's also how routing metrics work in computer networks. This might seem gibberish, but I had a less fuzzy explanation, just forgot it.
Ah. Evolution. Connections form dependency both ways. And there's always evolution in the society. It's in your interest that racists would mostly connect to other racists, while smarter people to other smarter people, and dumber people to other dumber people, for evolution to work. Except, of course, that should preserve some mobility between these groups so that smarter people born in not so smart environment could change it, again for social evolution.
It's important, somehow mostly talking about evolution in present time is attributed to fascists, while it can be seen everywhere.
In some sense who you are, who the person giving a loan is, and how that affects getting a loan is a predictive mechanism. It should work or fail for evolution.
Credit scores are a path around that similarly to Soviet planned economy being a path around markets, see how it worked that USSR, rich with resources beyond belief, had mostly poor and even malnourished population.
More than boomers entered the workforce - much of GenX did too
I'm an early Gen X. I was working shit jobs until the 90s/my early 20s.
It isn't like many of us were planing on buying a house by 1989.
Credit scores are as old as the simpsons!!
It's not going to get better until we start killing office buildings full of these people.
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@lemmy.world
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, Twitter X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
RULES:
RELATED COMMUNITIES:
go to feed...
Fun fact: boomers entered the workforce before credit scores existed. Credit scores were created in 1989, but people treat them like they were in the bible.
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