I don't disagree that 'race to the bottom' is the rule rather than the exception in modern capitalism, but I don't think your response here captures the context. The fact that Etsy's decline into something like Amazon (which has truly embraced the race to the bottom, enabling it to thrive) was more-or-less inevitable doesn't change the reasons I've used it in the past, or the reasons I may be less likely to use it in the future.