Ads are a necessary evil for effective market discovery. They should be heavily regulated but you can't effectively operate a market economy without one.
There are no successful economies without information exchange. Discovery can happen without advertising -- if you consider that the main feature of ads is that it's unwanted information distribution.
Even thousands of years ago in illiterate societies people would advertise their goods/services via verbal campaigns, drawn pictures, songs, etc.
And even if they're necessary at some level, what if the US had 90% less ads, etc.
I don't think that is true. The oldest known mass printed advertising is about 2000 years older than the oldest known blue pigment.
> As far as I'm aware, there hasn't been enough testing to say much about the importance of ads.
I think if you look at some early advertising (e.g. BCE), you'll see that most have a painfully obvious functional form of just simply announcing the existence of a product/service for the world to observe.
> I think if you look at some early advertising (e.g. BCE), you'll see that most have a painfully obvious functional form of just simply announcing the existence of a product/service for the world to observe.
That doesn't tell us how important it is to have advertising.
And it doesn't tell us how important it is to have advertising anywhere near current levels.
There is this capitalist lie that money is a stand-in for "value provided to society". So, when you provide value, society gives you money, and you can use this money to ask society for value back.
Which sounds great. And truly, I do believe that people should have to contribute to society if they expect society to support them, but the problem with this lie is that, despite how capitalists make it sound, the market was not designed with this ideal in mind, instead we have imposed it onto the market after-the-fact in order to justify why the market is good and worth keeping around.
But the real truth is that money does not reward the person who contributes the most value, it simply rewards the person who makes the most money. Money is not "value", money is power. And the system rewards profit no matter how it's acquired.
This means that you can provide a good service that people want, but you still need to advertise and compete in order to be rewarded for your contribution.
It also means that you can do something valuable, like cleaning up all the trash off of a beach, but that doesn't mean that the market will reward you for your contribution.
And it also means that if you have a thing and you want to make profit selling it, you can run a manipulative ad campaign that convinces people that they truly need it, and the market will reward you.
Not sure about that, markets existed since forever and are still useful even without ads.
