This is an old revision of this page, as edited by 142.177.103.239 (talk) at 21:41, 18 February 2003 (pov issues with perjorative idioms). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 21:41, 18 February 2003 by 142.177.103.239 (talk) (pov issues with perjorative idioms)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)I can't for the life of me think of a single good thing to say about a race to the bottom. Someone else should try to dig up a few balancing statements here, like saying that global trade was never rules-based to begin with, or that the elites in each country benefit from complex regulations and from protectionism.
But are those arguments in favor of a race to the bottom, or in favor of a WTO? Another way to see it is that protectionism is just another race to the bottom.
Perjorative idioms like this one are kind of hard to explain without sounding as if you agree with their application in every case. Especially if almost everyone does agree that the phenomenon exists, is bad, and ought to be stopped.