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Sometimes a business or corporation will lower the quality of a product to save more money. I hate it when this happens because they lower their standards to save/make money, which affects my "routine." Sometimes businesses should make an effort to keep their quality high, if not make it better. I understand that money should be the focus of capitalism, but when the quality of a product is lowerwed to save money, it doesn't work that well.

An example of this is in DVDs/BluRays. Have you ever seen those new boxes with that ridiculous "go-green" recycle logo on the inside? Those new boxes do not protect the physical disc from any mishaps. Another example is popcorn. I like those microwavable bags, but recently, the taste changed. It doesn't take rocket-science to figure out that the company changed the recipe to save money, and now it tastes like cardboard. I have to buy a different brand now, and even then, it still doesn't have that specific taste I like. By my guess, the government probably got involved there. But still.

If you understand where I'm coming from, then you'll know that some forms of greed is counter-productive.

asked Feb 03 '12 at 14:03

Collin1's gravatar image

Collin1
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Please make the distinction between running a business, Capitalism, and greed. Money is not the focus of Capitalism. Profit is one aspect of trade in goods and services -- this could be money or something else. Capitalism is simply the system in which this takes place.

The examples you gave make it bad for you. But you are one consumer in millions.

(Feb 03 '12 at 15:18) Marnee Dearman ♦ Marnee%20Dearman's gravatar image

Exactly. Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. IOW, capitalism is "all about" individual rights, not all about making money.

(Feb 03 '12 at 19:54) anthony anthony's gravatar image

Sounds like you have two market ideas to go after....

(Feb 04 '12 at 13:35) Jason Gibson ♦ Jason%20Gibson's gravatar image
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You have just identified the aspect of the marketplace that polices itself. When a business or corporation lowers the quality of a product to save more money, the consumer "votes" with his money whether that is acceptable or not. When Coca-cola announced that it was to discontinue its trademark product, the consumers made it clear the decision was unacceptable. Had Coca-cola stood by its decision, we can only speculate what may have happened.

Greed is not the culprit in this example. You may argue that it is greed that drives the decision to lower the quality of a product, but ultimately, the marketplace will determine if the decision was correct. The desire to make money spawns so many creative enterprises which should be devoted to providing you with the materials you choose to surround yourself with. If you cannot find something you are seeking, it could be a revelation of an opportunity you could exploit for yourself.

answered Feb 03 '12 at 14:26

dream_weaver's gravatar image

dream_weaver ♦
663214

Dream_weaver is spot on, I just want to add one thing: the questioner is also missing the distinction between short range and long range (or, rather he seems to be getting the distinction implicitly, just not explicitly). If a company makes a decision that makes them some money in the short term, but that loses them more money in the long term (because customers get mad and stop buying their crap), then we can rightly criticize the company for making an irrational decision. Rationality requires a long range focus. Range of the moment greed is obviously irrational (whim-worshiping), and is wrong. However, rational long range greed is great.

answered Feb 04 '12 at 13:43

ericmaughan43's gravatar image

ericmaughan43 ♦
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edited Feb 04 '12 at 13:44

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Asked: Feb 03 '12 at 14:03

Seen: 1,270 times

Last updated: Feb 04 '12 at 13:44