Corporate greed
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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. [1]
Common Tactics Used to Increase Profits:
- 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.
- 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.
- 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 - Citation is needed for all 6 tactics listed above & to the left. (January 19, 2026)]
See also
- Bait-and-switch
- Buy now, pay later
- False advertising
- Financial censorship
- Planned obsolescence
- Subscription service