Globalism vs Protectionism (Round 2)

From the in class debate we had not too long ago I learned a couple of very interesting things. The first thing I learned was what economists call the “race to the bottom”, where governments allow, or ignore firms who over pollute. They do this because it is the only way they can compete with in the global market. The second thing I learned is that globalism can lead to a loss in culture. People who move away from their homeland tend to loose their cultural identity, though this is controversial because it is hard to define what a culture is. The third thing I learned is that globalism may lead to abuse on the working class, this is controversial as well to a certain extent. If it was not for the globalism the workers may not have a job, and they have the ability and the right to move away from that job if they want to. I learned two important things about protectionism. The first being protectionism may lead to a recession, or worsen it by a great standard. The second thing I learned about protectionism is that it encourages in-efficiency. The argument being that the firms tend to go out of business if they are in-efficient, and by protecting them and allowing them to keep going they tend to waste valuable resources. From what I have learned I still stand by my original decision that Globalism is better than Protectionism.