race to the bottom
English
Noun
race to the bottom (plural races to the bottom)
- (economics) A situation in which competition between governments leads to very excessive (harmful) deregulation.
- A situation in which competition between entities leads to elimination of perks or amenities, often in the interest of cutting costs.
- Any situation in which multiple parties are seemingly competing to achieve the greatest level of mediocrity.
Antonyms
- race to the top
Translations
Translations
|
|