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> They're spending their money rather than your money. Ok, and from whom did their money come? They didn’t magic it into existence. Google spending money that
by jmb99 2y ago
> They're spending their money rather than your money.
Ok, and from whom did their money come? They didn’t magic it into existence.
Google spending money that came from advertisers who got it from people buying their products isn’t much different than a research team spending public money, just with fewer middle men and a (generally) lower negative impact on society.
- robertlagrant 2y agoThe money came from people selling (or trying to sell) products that other people want to buy for the price that includes the ads, as it's valuable. This is far better than the old school ad industry, which made advertising much more expensive and products more expensive.
- jmb99 2y ago$400 billion was spent on advertising alone in the US in 2023. In 1970, that number was $19 billion ($150 billion in 2023 dollars). Relative to GDP, that’s and 0.014% and 0.018% respectively. Depending on how you want to argue, there is either more spending on advertising (in dollars) than there was 50 years ago, or about the same (in relative GDP). Neither would account for products in the past being substantially more expensive than they are today. That is ignoring the many moral arguments against targeted advertising, unnecessary consumerism, etc.