Corporate greed: Difference between revisions
Added a section called "Common Tactics Used to Increase Profits" & a "See also" section. |
m Added another tactic: "Restricting access to features on items that you've already bought/paid for until you pay more(more commonly known as a paywall or digital lock)." |
||
| Line 3: | Line 3: | ||
'''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>https://aflcio.org/issues/corporate-greed</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>https://aflcio.org/issues/corporate-greed</ref> | ||
== Common Tactics Used to Increase Profits: == | ==Common Tactics Used to Increase Profits:== | ||
# A company simply increasing the prices on products & subscription based services alike for no apparent reason. | #A company simply increasing the prices on products & subscription based services alike for no apparent reason. | ||
# Using targeted/personalized ads in order to gain more data on someone, only to sell that data to more advertisers & third-party websites. | #Using targeted/personalized ads in order to gain more data on someone, only to sell that data to more advertisers & third-party websites. | ||
# Purposefully decreasing the quality of some products to save money and/or to encourage consumers to buy newer & more powerful items to replace the older ones. (Also known as "Planned Obsolescence") | #Purposefully decreasing the quality of some products to save money and/or to encourage consumers to buy newer & more powerful items to replace the older ones. (Also known as "Planned Obsolescence") | ||
# Decreasing the average wages of some or all types of employees. | #Decreasing the average wages of some or all types of employees. | ||
# Implementation of false advertising or Bait & switch tactics in a company's commercials to bring in more customers.{{Citation needed|date=January 19, 2026|reason=Citation is needed for all | #Restricting access to features on items that you've already bought/paid for until you pay more(more commonly known as a paywall or digital lock). | ||
#Implementation of false advertising or Bait & switch tactics in a company's commercials to bring in more customers.{{Citation needed|date=January 19, 2026|reason=Citation is needed for all 6 tactics listed above & to the left.}} | |||
== See also == | ==See also== | ||
* [[Bait-and-switch]] | *[[Bait-and-switch]] | ||
* [[Buy now, pay later]] | *[[Buy now, pay later]] | ||
* [[False advertising]] | *[[False advertising]] | ||
* [[Financial censorship]] | *[[Financial censorship]] | ||
* [[Planned obsolescence]] | *[[Planned obsolescence]] | ||
* [[Subscription service]] | *[[Subscription service]] | ||
==References== | ==References== | ||
{{Reflist}} | {{Reflist}} | ||
[[Category:Common terms]] | [[Category:Common terms]] | ||