Second, competition solves a lot of issues created by politician controlled regulations. The free market is allowing the businesses to have the choice on which CRA to choose from and for consumers to have the option on which business receive their purchases. The competition that is not distorted by cronyism, rather true free markets, solves many issues and answers many complaints. If you do not like a specific CRA, simply do not buy from a business regulated by them. Bad business practices must change when businesses lose sales. |
Third, ratings completely understood with its structure of competing Rating Agencies solve many issues and could clear many misunderstandings. Consumers will care about many of the items that are rated and will pay a premium for better-rated products. Buying products and services with better ratings mean that you are getting better products and you are supporting better business practices. |