Corporate greed: Difference between revisions
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'''Corporate greed''', or simply greed, is a modern phenomenon In which corporations pursue goals for profit and shareholder-value without valuing customer thoughts and consumer rights.<ref>{{Cite web |title=Corporate Greed |url=https://aflcio.org/issues/corporate-greed |access-date=15 Jan 2026 |website=aflcio.org |url-status=live |archive-url=http://web.archive.org/web/20251118224707/https://aflcio.org/issues/corporate-greed |archive-date=18 Nov 2025}}</ref> | '''Corporate greed''', or simply greed, is a modern phenomenon In which corporations pursue goals for profit and shareholder-value without valuing customer thoughts and consumer rights.<ref>{{Cite web |title=Corporate Greed |url=https://aflcio.org/issues/corporate-greed |access-date=15 Jan 2026 |website=aflcio.org |url-status=live |archive-url=http://web.archive.org/web/20251118224707/https://aflcio.org/issues/corporate-greed |archive-date=18 Nov 2025}}</ref> | ||
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Plenty of people have responded to mistreatment & company backlash by pirating software in order to have a better experience/to save money and avoid giving more to corporations that has wrecked their original sense of trust.<ref>{{Cite web |last=Francis |first=Paul |date=2025-10-23 |title=Online piracy is rising again: why it happened and what it means |url=https://www.itkmagazine.com/post/online-piracy-is-rising-again-why-it-happened-and-what-it-means |access-date= |website=In The Know |url-status=live |archive-url=https://web.archive.org/web/20260216033312/https://www.itkmagazine.com/post/online-piracy-is-rising-again-why-it-happened-and-what-it-means |archive-date=16 Feb 2026}}</ref> As more and more people pirate products, the more convenient It becomes due to seeding(short for allowing others to leach off you) or people providing said software to others themselves via "cracking" & creating their own torrents.<ref>{{Cite web |last=Convery |first=Kevin |date=17 May 2023 |title=Seed, leech, peer, and other torrenting terms explained |url=https://www.androidauthority.com/what-are-torrent-seeders-3232600/ |website=Android Authority |url-status=live |archive-url=http://web.archive.org/web/20251206154835/https://www.androidauthority.com/what-are-torrent-seeders-3232600/ |archive-date=6 Dec 2025}}</ref> | Plenty of people have responded to mistreatment & company backlash by pirating software in order to have a better experience/to save money and avoid giving more to corporations that has wrecked their original sense of trust.<ref>{{Cite web |last=Francis |first=Paul |date=2025-10-23 |title=Online piracy is rising again: why it happened and what it means |url=https://www.itkmagazine.com/post/online-piracy-is-rising-again-why-it-happened-and-what-it-means |access-date= |website=In The Know |url-status=live |archive-url=https://web.archive.org/web/20260216033312/https://www.itkmagazine.com/post/online-piracy-is-rising-again-why-it-happened-and-what-it-means |archive-date=16 Feb 2026}}</ref> As more and more people pirate products, the more convenient It becomes due to seeding(short for allowing others to leach off you) or people providing said software to others themselves via "cracking" & creating their own torrents.<ref>{{Cite web |last=Convery |first=Kevin |date=17 May 2023 |title=Seed, leech, peer, and other torrenting terms explained |url=https://www.androidauthority.com/what-are-torrent-seeders-3232600/ |website=Android Authority |url-status=live |archive-url=http://web.archive.org/web/20251206154835/https://www.androidauthority.com/what-are-torrent-seeders-3232600/ |archive-date=6 Dec 2025}}</ref> | ||
===3. | ===3. Educating Others & Spreading Awareness:=== | ||
Victims & others that disapprove of excessive levels of greed committed by a certain corporation usually share information to others that are close to them(either by showing proof of it using sources or explaining something that happened to them & others). | Victims & others that disapprove of excessive levels of greed committed by a certain corporation usually share information to others that are close to them(either by showing proof of it using sources or explaining something that happened to them & others). | ||
By doing this, the news can spread even if it isn't mainstream yet or the information is extremely hard to access intentionally, thus potentially leading to boycotts or | By doing this, the news can spread even if it isn't mainstream yet or the information is extremely hard to access intentionally, thus potentially leading to boycotts or {{Wplink|class action}}s & '''Lawsuits''' If there is enough pressure/enough people that have the same thoughts & ideas.<ref>{{Cite web |last=Came |first=Scott |title=The Importance of Information Sharing for Justice Reform |url=https://www.search.org/files/pdf/TheImportanceofInformationSharingforJusticeReform.pdf |access-date=12 Feb 2026 |website=search.org |url-status=live |archive-url=http://web.archive.org/web/20230930115645/https://www.search.org/files/pdf/TheImportanceofInformationSharingforJusticeReform.pdf |archive-date=30 Sep 2023}}</ref> | ||
===4. Lawsuits & {{Wplink|Class action}}s:=== | |||
Lawsuits, more specifically consumer protection lawsuits directed by a "Class" can allow consumers & others who choose to participate to have a say In an important matter and create a civil case & affect the outcome of case themselves, essentially forcing any organization/company that's targeted by the Lawsuit to either: | Lawsuits, more specifically consumer protection lawsuits directed by a "Class" can allow consumers & others who choose to participate to have a say In an important matter and create a civil case & affect the outcome of case themselves, essentially forcing any organization/company that's targeted by the Lawsuit to either: | ||
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#Do what the opposing party requests them to do<ref>{{Cite web |last=Hayes |first=Adam |title=Class Action: Definition, Lawsuits, Types, Benefits, Example |url=https://www.investopedia.com/terms/c/classaction.asp |access-date=12 Feb 2026 |website=Investopedia |url-status=live |archive-url=http://web.archive.org/web/20251206042820/https://www.investopedia.com/terms/c/classaction.asp |archive-date=6 Dec 2025}}</ref> | #Do what the opposing party requests them to do<ref>{{Cite web |last=Hayes |first=Adam |title=Class Action: Definition, Lawsuits, Types, Benefits, Example |url=https://www.investopedia.com/terms/c/classaction.asp |access-date=12 Feb 2026 |website=Investopedia |url-status=live |archive-url=http://web.archive.org/web/20251206042820/https://www.investopedia.com/terms/c/classaction.asp |archive-date=6 Dec 2025}}</ref> | ||
While | While {{Wplink|class action}}s & lawsuits may be an effective way to push back against something, some corporations hide & use [[forced arbitration]] clauses to protect themselves in the event of said class actions & lawsuits. If this were the case, it becomes much more difficult or maybe impossible to appose them due to the participants allegedly having consented to their '''Terms of Service''' In the first place.<ref>{{Cite web |date=29 Aug 2025 |title=What Is Forced Arbitration and How Does It Work? |url=https://legalclarity.org/what-is-forced-arbitration-and-how-does-it-work/ |website=LegalClarity |url-status=live |archive-url=https://web.archive.org/web/20260216033358/https://legalclarity.org/what-is-forced-arbitration-and-how-does-it-work/ |archive-date=16 Feb 2026}}</ref> | ||
==See also== | ==See also== | ||
*[[Buy now, pay later]] | *[[Buy now, pay later]] | ||
*[[Financial censorship]] | *[[Financial censorship]] | ||
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==References== | ==References== | ||
{{Reflist}} | {{Reflist}} | ||
[[Category:Common terms]] | [[Category:Common terms]] | ||