Hacker News new | ask | show | jobs
by danielmarkbruce 1245 days ago
That's a clumsy analogy. Issuers paying for ratings is and agreed problem (the ratings agencies, issuers, investors, regulators agree it's a problem) and only happens because they can't make another model work.

Competition driving costs down is viewed by many as a good thing. Many people view the higher wages the folks in this case got v their other opportunities as an opportunity, not as them being exploited. Capitalism is a system which some might not agree with, but pretending it's an obvious problem is wrong. Pretending low prices is an obvious problem is wrong. Many countries have explicitly chosen a capitalist system (competitive, market model where costs and prices are driven down) and have legislation and agencies devoted to protecting the system. Those countries aren't run by dictators.