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> But, no one really wants to follow that to the logical conclusion of spending all possible dollars on marketing. Sure, just like nobody wants to spend all po
by majormajor 1y ago
> But, no one really wants to follow that to the logical conclusion of spending all possible dollars on marketing.
Sure, just like nobody wants to spend all possible dollars on rent.
But outside of "we just can't afford it anymore" external economic factors shocking the system, the natural incentives point to a slow and constant ratcheting up.
IMO this would be a good reason to have further regulations on advertising - locations, frequency, accuracy - since we're gonna be saturated with it otherwise.
- nitwit005 1y agoThere are a number of studies showing competing companies in industries tend to make coordinated actions. I'm sure you've noticed everyone raising their prices together, or fast food restaurants all halting 24 hour service at around the same time. People often operate based on perceived industry norms/trends, rather than some sort of rational economic analysis.