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A Race to the Bottom

from Degenerates by Logic Lost

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“A Race to the Bottom” is an economic term that refers to a situation where a company, state, or nation attempts to undercut the competition's prices by sacrificing quality standards or worker safety (often defying regulation), or reducing labor costs, primarily with the main intention of attracting foreign investors.

This idea refers to developing countries making themselves as attractive as possible to foreign investors by eliminating as much barriers as possible to secure their money and validation. This can include eliminating certain taxes, exempting them from environmental regulation, giving them freedom to choose the land they want to operate (by any means necessary) and the easiness of hiring and firing workers.

A Race to the Bottom shows how developing countries are shaped by the thirst for foreign money, (of which developed countries have drilled the idea that doing so is necessary) and therefore investor countries are rewarded with a kind of regality that reduces the begging country willingly at their service, who easily throw the welfare and the dignity of its people and its environment under the bus to make it happen. For the cost of cheap business and free power, its not a bad deal. From there, a disposable mentality arises, we are reduced to mere waste by the garbage in charge, giving birth to the disgusting phrase "demi kepentingan bisnis".

Colonialism never went away. It just operates on another level now.

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from Degenerates, released July 15, 2022
dylan amirio - composer
yudhistira abjani - co-producer

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Logic Lost Jakarta, Indonesia

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