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What about my other question? What's to keep an entire industry from creating their own protection agency, and excluding all other agencies from inspecting the
by dkuntz2 13y ago
What about my other question?
What's to keep an entire industry from creating their own protection agency, and excluding all other agencies from inspecting their facilities? Who protects the consumers then?
Without regulation what's to keep an agency from intermixing legitimate ratings with false ratings? What's to keep a company from paying every agency for false ratings, especially if everyone is profit-maximizing, and every other agency is going to say the same thing? Even if you found out, what can you do about it?
Does being excluded from the ratings give an advantage to their competitors? All it says is that they weren't rated, not that they're better or worse, and what if their competitors are terribly rated?
What's to keep an agency from being vindictive? This goes with the above mixing legitimate and false ratings.