logoalt Hacker News

sokoloffyesterday at 4:50 PM1 replyview on HN

> In the end it's really just greed. Companies always want to charge as much as they can get away with.

Is it also greed when consumers want to pay as little as possible? (In some ways, of course it is, but at some point, the loaded term greed isn’t particularly helpful towards understanding perfectly ordinary microeconomic behavior.)


Replies

autoexectoday at 1:31 AM

> Is it also greed when consumers want to pay as little as possible?

Yeah, sometimes it is. People should be paid a fair amount for the resources, time and effort they put into something. Greed seems fitting when the motivation is just an endless repeating of "I want to give you less while taking more of your money for myself" although more often it's "for the company's shareholders".

Pushing for ever-increasing profit at all costs is what corporations do. Calling it anything but greed is just misrepresenting their nature.