Competitive Regulatory Agencies (CRA's) and Rating Agencies (RA’s) as Representatives
Under CRA's and ratings, which have real power, the leadership of your CRA and your RA will be your representatives. On the most part, a CRA’s authority only affects those that voluntarily choose to be ‘governed’ by them. These are not geographic areas, but rather about a dozen CRA's that either cover the state or the entire country. Each business or individual would pick the CRA's that would govern them and the RA they trust. |
CRA representatives would earn their power because of the businesses that voluntarily hire that CRA for their services. The businesses within a CRA would elect the leaders of their CRA. Leaders of CRA's would have expertise within that Sector because there would be many CRA's competing for the administrative and regulatory services offered to business. Poorly regulated CRA's would lose business, thus their power. |