A corporate credit system that is defacto standard, is nothing short of a nightmare and an insult to a nation. Any credit system.

Lol even most western countries have this, it's called regulation and prosecuting financial corruption.

The US used to do it back in the 1950s too, but now it's considered authoritarian. Finance-capital just pretty much hand-picks the politicians nowadays, for example, citibank hand-picked Obama's cabinet.