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Advertising is a gross inefficiency on the economy. To achieve market balance you need to make sure consumers are aware of your product - back in the day this
by munk-a 5y ago
Advertising is a gross inefficiency on the economy. To achieve market balance you need to make sure consumers are aware of your product - back in the day this was rather difficult since there was no central repository of all knowledge. Now that we've got the internet though... this is unnecessary to achieve a healthy level of company growth.
However, if you want to cannibalize an industry's profit margins to squeeze in front of your competitors advertising in many forms will remain productive. I think we almost need a cartel-like system that says "Okay video card manufactures - enough with the advertising... nobody impulse buys video cards so each sale you gain through advertising is just coming from one of the other company's pockets (or your own)."
- Ericson2314 5y agoIf we actually had powerful consumer-laborers (imagine if employers applied to you! Or there was an central labor marketplace and the market cleared! What a foreign world.) companies would have no money left over for ads as they were too busy competing on product quality with low margins.