This video explains what the expression 'Faustian bargain' or Faustian pact means and explores the origin of the idiom, which is derived from German folklore tales about an alchemist and magician named Faust. A Faustian bargain is a bargain, pact, deal, agreement or compromise in which a person gives up their moral or ethical values in exchange for some benefit, such as power, knowledge, etc. Also, a deal, compromise, or decision in which a person focuses solely on the present benefit without any thought to the long-term consequences, and harm, of the agreement.
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