[lbo-talk] A highly critical take on Fitch

Doug Henwood dhenwood at panix.com
Tue Mar 14 13:11:45 PST 2006


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



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