Corporate greed: Difference between revisions

Line 8:

Not just that, but there are people who depend on certain software, which may be too expensive for them to afford, and it may be difficult for them to make a switch, this is only something that harms both sides.

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>

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 |access-date=5 Feb 2026 |website=Federal Trade Commission}}</ref>

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

Line 26:

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

As a result of collective disapproval of a companies ethics, people search for alternatives and urge others to do so as well. If done so correctly & on a large scale, this can be one of the easiest ways to push companies back into the right direction, either by making them back off on their decision or forcing them to provide a new service to consumers in order to solve an apparent problem.<ref>{{Cite web |last=Gassam |first=Janice |date=2023-12-22 |title=Do Boycotts Actually Work? |url=https://www.forbes.com/sites/janicegassam/2023/12/22/do-boycotts-actually-work-examining-the-use-of-boycotts-to-drive-social-change/ |website=Forbes}}</ref><ref>{{Cite web |title=Boycott - Definition and Meaning |url=https://www.wordnik.com/words/boycott |access-date=10 Feb 2026 |website=Wordnik}}</ref>(Please direct yourself to [[wikipedia:List_of_boycotts|List of boycotts]] for ~~possible~~ examples)

As a result of collective disapproval of a companies ethics, people search for alternatives and urge others to do so as well. If done so correctly & on a large scale, this can be one of the easiest ways to push companies back into the right direction, either by making them back off on their decision or forcing them to provide a new service to consumers in order to solve an apparent problem.<ref>{{Cite web |last=Gassam |first=Janice |date=2023-12-22 |title=Do Boycotts Actually Work? |url=https://www.forbes.com/sites/janicegassam/2023/12/22/do-boycotts-actually-work-examining-the-use-of-boycotts-to-drive-social-change/ |website=Forbes}}</ref><ref>{{Cite web |title=Boycott - Definition and Meaning |url=https://www.wordnik.com/words/boycott |access-date=10 Feb 2026 |website=Wordnik}}</ref>(Please direct yourself to [[wikipedia:List_of_boycotts|List of boycotts]] for further reading & examples)

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

Line 39:

Lawsuits, more specifically consumer protection lawsuits directed by a "Class" can allow consumers to have a say In an important matter and affect the outcome themselves

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:

# Defend themselves & win the case

# Settle for a financial compromise

# Do what the opposing party requests them to do{{Citation needed|date=10 Feb 2026}}

While [[Class action|Class Actions]] & 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 action|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 ToS In the first place.{{Citation needed|date=10 Feb 2026}}

==See also==

@@ Line 8: / Line 8: @@
 Not just that, but there are people who depend on certain software, which may be too expensive for them to afford, and it may be difficult for them to make a switch, this is only something that harms both sides.
-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>
+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 |access-date=5 Feb 2026 |website=Federal Trade Commission}}</ref>
 ===Corporate Greed from a Consumer rights perspective:===
@@ Line 26: / Line 26: @@
 ===1. Boycotts & Seeking Alternatives:===
-As a result of collective disapproval of a companies ethics, people search for alternatives and urge others to do so as well. If done so correctly & on a large scale, this can be one of the easiest ways to push companies back into the right direction, either by making them back off on their decision or forcing them to provide a new service to consumers in order to solve an apparent problem.<ref>{{Cite web |last=Gassam |first=Janice |date=2023-12-22 |title=Do Boycotts Actually Work? |url=https://www.forbes.com/sites/janicegassam/2023/12/22/do-boycotts-actually-work-examining-the-use-of-boycotts-to-drive-social-change/ |website=Forbes}}</ref><ref>{{Cite web |title=Boycott - Definition and Meaning |url=https://www.wordnik.com/words/boycott |access-date=10 Feb 2026 |website=Wordnik}}</ref>(Please direct yourself to [[wikipedia:List_of_boycotts|List of boycotts]] for possible examples)
+As a result of collective disapproval of a companies ethics, people search for alternatives and urge others to do so as well. If done so correctly & on a large scale, this can be one of the easiest ways to push companies back into the right direction, either by making them back off on their decision or forcing them to provide a new service to consumers in order to solve an apparent problem.<ref>{{Cite web |last=Gassam |first=Janice |date=2023-12-22 |title=Do Boycotts Actually Work? |url=https://www.forbes.com/sites/janicegassam/2023/12/22/do-boycotts-actually-work-examining-the-use-of-boycotts-to-drive-social-change/ |website=Forbes}}</ref><ref>{{Cite web |title=Boycott - Definition and Meaning |url=https://www.wordnik.com/words/boycott |access-date=10 Feb 2026 |website=Wordnik}}</ref>(Please direct yourself to [[wikipedia:List_of_boycotts|List of boycotts]] for further reading & examples)
 ===2. Piracy/Torrenting:===
@@ Line 39: / Line 39: @@
 {{Main|Class action}}
-Lawsuits, more specifically consumer protection lawsuits directed by a "Class" can allow consumers to have a say In an important matter and affect the outcome themselves
+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:
+# Defend themselves & win the case
+# Settle for a financial compromise
+# Do what the opposing party requests them to do{{Citation needed|date=10 Feb 2026}}
+While [[Class action|Class Actions]] & 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 action|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 ToS In the first place.{{Citation needed|date=10 Feb 2026}}
 ==See also==