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Isn't the destruction of advertising (not just online) a good thing? It's skewing markets by creating demands that were not there before, but only for the big p
by master-lincoln 3y ago
Isn't the destruction of advertising (not just online) a good thing?
It's skewing markets by creating demands that were not there before, but only for the big players who can afford to be in peoples faces everywhere.
Advertising is often misinforming (or not informing) people about the products/services. It promotes a throwaway society where resources are wasted.
- someplaceguy 3y agoExactly... As a general rule, all other things being equal, the more informed the participants in a market are, the better the efficiency of the market. Advertising negatively affects markets because it leads people to make decisions based on things that are not necessarily in their interests, i.e. it leads people to make more uninformed (or misinformed) decisions. In effect, it's basically exploiting a market externality: vulnerabilities in human psychology. I mean, this is not always true. Sometimes, you might become aware of a great product or service due to advertising. But I am entirely convinced that, in general, the negative effects hugely, hugely outweigh the occasional benefit, just by observing how people usually make their buying decisions in their day-to-day lives (including me, I'm not immune to that!).
- seydor 3y agoIt s surreal to read this comment in a SV VC supported forum Like anti smoking posters in a phillip morris factory
- piaste 3y agoThat's a brilliant analogy in a way you probably didn't intend.