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China exports its ‘social credit’ system to Venezuela
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By Doug Bandow • January 8, 2020
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Perhaps the creepiest tool of repression is China's social credit system. The system would essentially establish a “credit” rating for individuals and firms. Be a good citizen and you get financial discounts, better loan terms, and exemption from deposit requirements. Fail to meet the state’s criteria and your child can forget getting into a good university. If the government judges you to be socially bankrupt, you can’t buy a train ticket, rent a hotel room, or even use a credit card. Companies could be treated similarly, with disparate treatment in terms of taxation, credit, and more. A decade ago, Venezuela’s Hugo Chávez sent officials to China to learn about its national ID program. In succeeding years, nothing much happened. However, three years ago, the 1984 nightmare reemerged. With food scarce, medicine nonexistent, and inflation beyond measure, the Nicolás Maduro regime is spending $70 million to create a national database and mobile payment system.
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Acton Line podcast: Remembering Gertrude Himmelfarb with Yuval Levin
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January 8, 2020
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On this week's episode, we pay tribute to Gertrude Himmelfarb who passed away last Monday, December 30th, at the age of 97. Gertrude Himmelfarb was a historian and leading intellectual voice in conservatism. Throughout her career, she wrote many books about Victorian history, morality and contemporary culture. The New York Post named her one of America’s greatest minds, and the National Review called her the "paragon of intellectual accomplishment." What did her work contribute to the conservative movement and how does her view of history inform our current times? Yuval Levin, Resident Scholar and Director of Social, Cultural, and Constitutional Studies at AEI, joins us on this episode to talk about her work and legacy.
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Trending on the Powerblog
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As a new decade begins, it bears pausing to celebrate the strides the human race has made toward eradicating poverty at home and around the world. This is doubly important, as the television retrospectives not only omit our growing prosperity, but so many people believe things are actually getting worse.
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This morning, as Americans go to work for the first Monday of the New Year, a growing number will see their wages rise to $15 an hour or more – thanks, not to higher minimum wage laws, but to the bustling free market. Increasingly, economists agree that in the frenetic labor market of 2020, the minimum wage has become virtually irrelevant.
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Did liberty increase or decrease in each nation, and globally, in 2019? How has the last decade impacted freedom around the world? The Cato Institute's recently released “The Human Freedom Index 2019” measures the freedom of each nation in the world and publishes the results.
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The former UK Chancellor of the Exchequer Nigel Lawson once said that “the NHS is the closest thing the English people have to a religion” – but as a new story shows, it is a religion that forces people to break the Ten Commandments. Certain British citizens must lie to the government or face a punishing fine for telling the truth.
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Economist Tyler Cowen recently took the blogging world by storm with his article "What libertarianism has become and will become — State Capacity Libertarianism." The reason for Cowen’s essay, this fresh presentation and branding, is to reach those smart eclectic people on the internet who seem disinterested in libertarianism.
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