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}}</ref>

== Why it is a problem ==

==Why it is a problem==

When companies increase prices & cut corners with no regards to their customers, they'll be positively impacted short-term, but long term they'll be negatively impacted with decreased trust & sales.

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Consumer over-reliance on products and a corporation's domination over other businesses may create what's known as a [[Monopoly]], which is '''potentially''' illegal if the company also partakes in anti-competitive practices that harm consumers & restrict competition, as defined by antitrust laws.<ref>{{Cite web |title=The Antitrust Laws |url=https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/antitrust-laws |website=Federal Trade Commission}}</ref>

=== Corporate Greed from a Consumer rights perspective: ===

===Corporate Greed from a Consumer rights perspective:===

~~----~~

==Common Tactics Used to Increase Profits:==

#A company simply increasing the prices on products & [[Subscription service]]'s alike for no apparent reason. (Also known as "Price Gouging")

#Implementing a [[Subscription service]] into a product that has already been bought In order to revoke ownership from It's users.

#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]]")

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#Decreasing the sizes of products while keeping the prices the same(Also known as "Shrinkflation", and It's more common in supermarkets & retail stores).

#Implementation of [[False advertising]] or [[Bait-and-switch]] tactics in a company's commercials to bring in more customers.<ref>{{Cite web |last=Calhoun |first=George |date=14 Nov 2024 |title=Is Price Gouging Real? Who’s Doing It? Is It Driving Inflation? |url=https://www.forbes.com/sites/georgecalhoun/2024/11/14/is-price-gouging-real-whos-doing-it-is-it-driving-inflation/ |access-date=}}</ref><ref>{{Cite web |last=Jalan |first=Ayush |date=7 Jun 2023 |title=What Is Planned Obsolescence? How Brands Keep You Buying |url=https://www.makeuseof.com/what-is-planned-obsolescence/ |website=makeuseof}}</ref><ref>{{Cite web |date=11 Jan 2025 |title=Spotting Predatory Business Tactics: A Consumer's Guide to Self-Defense |url=https://keepm.granitlabs.com/blog/predatory-tactics |access-date= |website=keepm}}</ref>

== Common Responses & Action Against Unfair/Greedy Corporations: ==

=== 1. Boycotts & Seeking Alternatives: ===

=== 2. Piracy/Torrenting: ===

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.{{Citation needed|date=09 Feb 2026}} 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"{{Citation needed|date=09 Feb 2026}}

=== 3. Educating Others & Spreading Awareness ===

==See also==

@@ 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>{{Cite web |title=Corporate Greed |url=https://aflcio.org/issues/corporate-greed |access-date=15 Jan 2026 |website=aflcio.org}}</ref>
-== Why it is a problem ==
+==Why it is a problem==
 When companies increase prices & cut corners with no regards to their customers, they'll be positively impacted short-term, but long term they'll be negatively impacted with decreased trust & sales.
@@ Line 10: / Line 10: @@
 Consumer over-reliance on products and a corporation's domination over other businesses may create what's known as a [[Monopoly]], which is '''potentially''' illegal if the company also partakes in anti-competitive practices that harm consumers & restrict competition, as defined by antitrust laws.<ref>{{Cite web |title=The Antitrust Laws |url=https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/antitrust-laws |website=Federal Trade Commission}}</ref>
-=== Corporate Greed from a Consumer rights perspective: ===
+===Corporate Greed from a Consumer rights perspective:===
-----
 ==Common Tactics Used to Increase Profits:==
 #A company simply increasing the prices on products & [[Subscription service]]'s alike for no apparent reason. (Also known as "Price Gouging")
+#Implementing a [[Subscription service]] into a product that has already been bought In order to revoke ownership from It's users.
 #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]]")
@@ Line 22: / Line 22: @@
 #Decreasing the sizes of products while keeping the prices the same(Also known as "Shrinkflation", and It's more common in supermarkets & retail stores).
 #Implementation of [[False advertising]] or [[Bait-and-switch]] tactics in a company's commercials to bring in more customers.<ref>{{Cite web |last=Calhoun |first=George |date=14 Nov 2024 |title=Is Price Gouging Real? Who’s Doing It? Is It Driving Inflation? |url=https://www.forbes.com/sites/georgecalhoun/2024/11/14/is-price-gouging-real-whos-doing-it-is-it-driving-inflation/ |access-date=}}</ref><ref>{{Cite web |last=Jalan |first=Ayush |date=7 Jun 2023 |title=What Is Planned Obsolescence? How Brands Keep You Buying |url=https://www.makeuseof.com/what-is-planned-obsolescence/ |website=makeuseof}}</ref><ref>{{Cite web |date=11 Jan 2025 |title=Spotting Predatory Business Tactics: A Consumer's Guide to Self-Defense |url=https://keepm.granitlabs.com/blog/predatory-tactics |access-date= |website=keepm}}</ref>
+== Common Responses & Action Against Unfair/Greedy Corporations: ==
+=== 1. Boycotts & Seeking Alternatives: ===
+=== 2. Piracy/Torrenting: ===
+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.{{Citation needed|date=09 Feb 2026}}  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"{{Citation needed|date=09 Feb 2026}}
+=== 3.  Educating Others & Spreading Awareness ===
 ==See also==