Joe Rogan is concerned about social credit scores being used to block access to money.

Since 2021, – Republican-led states are passing laws to prevent the use of social credit scores.

In May 2023, Florida Governor Ron DeSantis signed a law prohibiting banks from using social credit scores that consider political opinions, speech, affiliations, religious beliefs, ownership of firearms, or support for the fossil fuels, timber, mining, or agricultural industries.

The US already has its own private credit scoring system that is often inaccurate and disproportionately affects some social groups.

The Florida law is based on the false assumption that it is possible to evaluate credit in a way that is purely "quantitative, impartial, and risk-based."

Credit is inherently social. To offer a loan or a line of credit is to imply that there is some kind of ongoing relationship, that you can know now how someone will act in the future.

Until the middle of the 19th century in America, this knowledge was local and anecdotal.

Credit scores were precise, but not accurate.

Rogan is worried about the loss of access to banking and credit, but this is already a problem in the US under the current system.