What does "profiteering" mean?
The act of making an unreasonable profit not justified by the corresponding assumption of risk, or by doing so unethically or opportunistically.
noun, verb ·4 syllables ·Uncommon ·Advanced level
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"war profiteering"
"We had to struggle with the old enemies of peace—business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob."
The act of making an unreasonable profit not justified by the corresponding assumption of risk, or by doing so unethically or opportunistically.
Common synonyms include: economic crime, exploit, exploitation, exploitative, extortionate profit, gouge.
We had to struggle with the old enemies of peace—business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.