How the Data From Three US Rating Agencies Control the World's Economy

Is it governments that ascendancy the economy? Banks, perhaps? Or maybe even the people? Nope, in fact, it's appraisement agencies—and the there are three in the US that about ascendancy the absolute economy.

These agencies amount everything—organizations, companies, currencies—and gives it a score. The knock-on aftereffect is that bad ratings—which can ancient be adequately arbitrary—have a massive aftereffect on civic economies. In this talk, Annette Heuser explains why appraisement agencies are a problem—and how it can change. [TED]

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