3-Fold #Neoliberal Punishment System (3/5)
Number 1: #RatingAgencies
US exclusive rating agencies rate you down, dependent on your economic regulation. Doesn't matter your good intention. If the rating of your country goes down, alocation of new credits become more exspensive.
Fitch Maintains Negative Watch on US Rating Despite Debt Limit Resolution - Although the U.S. has averted defaulting on its debt obligations, Fitch Ratings st... - https://news.bitcoin.com/fitch-maintains-negative-watch-on-us-rating-despite-debt-limit-resolution/ #fitchratingsusdollar #fitchratingsusd #fitchratingsus #ratingagencies #fitchratings #economics #fitch
#fitch #economics #fitchratings #ratingagencies #fitchratingsus #fitchratingsusd #fitchratingsusdollar
Rating agencies were shown to be a scam during the last crash (See 'The Big Short'), so I really don't understand why anyone takes any of their ratings seriously now.
https://www.rte.ie/news/business/2023/0422/1378477-moodys-upgrades-irelands-credit-rating-again/
#moodys #ratingagencies #scam #irisheconomy #creditrating
The Institute for Human Rights and Business published a list highlighting the influence of key actors that finance, facilitate and advise business on Human Rights:
#investors
#lawyers
#ratingagencies
#IT
#realestate
#advertising
#PR
#academia
#media
#managementconsultancy
https://www.ihrb.org/uploads/top-10/IHRB_Top_10_Business_and_Human_Rights_Issues_for_2023.pdf
#investors #lawyers #ratingagencies #it #RealEstate #advertising #pr #academia #media #managementconsultancy