Does Chinese telecom giant Huawei have ties to the People’s Liberation Army?
Jan Jekielek sits down with Steve Bannon to discuss how the Chinese communist elites have gained power and wealth through access to Western capital and technology and used that power to stifle dissent and advance their self-serving global ambitions.
Steve Bannon is former White House chief strategist to President Donald Trump and former executive chairman of Breitbart News. He is also the Co-Founder of the Committee on the Present Danger: China.
The Chinese government lets western businesses open factories in China. Western companies like it because labor is cheap.
The Chinese government asks western businesses to transfer their technology to Chinese partners. (In many sectors, Beijing will only let foreign firms operate through joint ventures in which Chinese partners have the majority stake.)
The Chinese partners of western businesses use newly acquired technology to create “their product,” and manufacture it using laborers trained by, guess who, western businesses.
The Chinese partners of western businesses export “new” cheaper product all over the world, creating competition for other western companies.
Other western businesses, which don’t have factories in China, can’t compete. They ask the Chinese government for permission to open a factory in China.
The Chinese government lets other western businesses open factories in China. The western companies like it because labor is cheap.
Rinse and repeat. As many times as possible.
Note: I know this is extremely simplified explanation, but…
The Chinese Politburo will rate its citizens! Is Social-Credit-Score coming to an area near you?
It was the year 2010. China began to create this system as a pilot program but officially began development of a nationwide social credit system in 2014, and they plan to have fully operational Social Credit System for its 1.4 billion citizens by 2020.
At that time, there will be a searchable database of every Chinese citizen. It will include all the information collected from public and private companies – starting with social media activities and online purchases thru tax payments, credit history, legal matters and ending on health records and people the rated citizen associates within. Are you scared yet? If not, let me add, that face recognition technology will be a part of the system. (Analysts estimating the country will have somewhere between 300 million and 400 million cameras installed by 2020.)
Your utility meters, smart televisions, cell phones, telephones, computers, credit cards, banks, and internet are all surveillance devices that are recording your activities and that information may be later used against you.
All the data collected (authorities already claim to have the records of 990 million individuals and 25.91 million enterprises) will be used to determines a social-score ranking from 350 up to a theoretical 950. The value of human been will be measured in points, the higher, the better.
The social score will run people’s lives.
With a high score, life will be good, very good. Getting a great job – easy. Getting a low-interest or even no-interest loan – no problem. Getting kids admitted to the best school – simple. Even getting a great date on Baihe will be painless.
With a low score, the word “easy” will be erased from the vocabulary. Forget a good job – accepting a low-score-person as an employee will lower the social score of the business and business owner. Forget getting a loan – high interest will kill you. Good school for kids… O.K. Forget kids. The internet connection service for low-grade citizens will be comparable to that of the early 1990s so no YouTube for those guys.
If some scoring system can either make you or break you, people will find ways to full the system. Where there’s the need, someone will come up with a way to accommodate that need and make lots of cash in the process.
Although the nationwide social credit system managed by the government doesn’t exist yet, Beijing uses social record systems run by local governments and some private versions like Sesame Credit (Zhima Credit) operated by Ant Financial as pilots programs. So far, taking part in both the government and private versions is technically voluntary. In the future, the official social credit system will be mandatory, and the hardware is already in place.
“We can Improve Your FICO Score! Call 1800 – something.” We all see and hear those commercials on TV and radio. China isn’t different. Numerous services have sprung up claiming to be able to boost social credit score. Most of them fly by night fakes, but some (very few) are legit which in this case only means that they know how to cheat the system, and they do.
If having low social score comes with harsh punishments – you might be unable to purchase high-speed train tickets, fly on an airplane, book hotel room, or send your kids to a private school – you will do anything to fix it and if cheating is the fastest way, you’ll cheat.
The Chinese government is creating a Social Credit System to “urge its citizens to do more good and be more trustworthy ”
I’m afraid that they will create an underclass of honest people who will live their lives by the book and get very little in exchange. On the other hand, those who will learn how to play the system will live very well at the expense of others.
Mike Maloney is a collector. He collects fine art, cars, books, music, gold, silver…and MEMES. Enjoy this ‘first in series’ video where Mike gives you a look at his collection of memes that highlight the stark differences between socialism and capitalism.