RE: A highly critical take on Fitch
Wojtek Sokolowski wrote:
If I were to extend this argument, this is the exact same reason why many other US institutions suck, such as piecemeal health care, piecemeal local governance competing against each other for business, piecemeal education system, or piecemeal transportation system.
And oil production even - the fragmented nature of holdings made it difficult to use modern extraction techniques, raising costs and reducing production.
Doug