Earlier quoted context omitted.
Race to the bottom (i.e. competition) is a good thing, it reduces waste and inefficiency.
In lala-economic-theory-land yes. But this is not companies competing for the favors of customers. This is nation states competing for the favors of companies and that is a totally different matter. In the real world you need taxes to operate a country and with big business being able to relocate their capital and their profits at a moments notice corporations have a substantial advantage over nation states (which ar…
Why is it bad when businesses find that conditions for them constantly get better everywhere? Is there something inherently evil or bad about businesses? This is usually a position hardcore Socalists would take.
> In the real world you need taxes to operate a country and with big business being able to relocate their capital and their profits at a moments notice corporations have a substantial advantage over nation states (which are by definition somewhat immobile).
No corporation can move its operations and profits within a moments notice. This takes usually years and the absolute majority of businesses do not even have the option to ever do this.
The problem of most Western societies is that the top 10% basically pay for 75%+ of everything, the middle class pays an acceptable amount and then theres 30% of free loaders with 29,9% being the ones at the bottom and 0,1% on the top.