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>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: == | |||
# 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. | |||
# 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 5 tactics listed above & to the left.}} | |||
== See also == | |||
* [[Bait-and-switch]] | |||
* [[Buy now, pay later]] | |||
* [[False advertising]] | |||
* [[Financial censorship]] | |||
* [[Planned obsolescence]] | |||
* [[Subscription service]] | |||
==References== | ==References== | ||
{{Reflist}} | {{Reflist}} | ||
[[Category:Common terms]] | [[Category:Common terms]] | ||