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I agree on a personal level, although at a societal level I believe regulation is required. As per the parent comment to my original one, I just fundamentally
by Closi 5y ago
I agree on a personal level, although at a societal level I believe regulation is required.
As per the parent comment to my original one, I just fundamentally do not believe that most advertising contributes anything positive to society and mostly generates negative externalities.
- denton-scratch 5y agoThe argument for advertising is that it's so difficult for a new entrant to a market to challenge an entrenched incumbent, unless they can advertise. I honestly don't know if that argument holds water.
- CRConrad 5y agoIntuitively, I'd say it doesn't hold water: Entrenched incumbents would generally tend to have more money than new competitors, so the incumbent can afford more advertising to drown out that of the challenger. The only net gain I can see is for the advertising industry, which extracts money from both challenger and incumbent.