Earlier quoted context omitted.
Your statement about new shiny smartphone being a heat loss implies that there's some objective measure of what's worthy of resources and what's not. I don't think so. Life has no meaning, and there's no inherent value in anything. How people decide to spend resources that they have is their responsibility. Thankfully, money, together with open markets is an extremely effective mechanism of conciliating millions of s…
which is very far from the truth I'm not sure it is, it's hardly as if adverts are just lists of facts about the product you are buying. All that changed with Edwards Bernays. When I see an advert on television that is telling me I need to buy a specific model of car to be a good father then I know I'm seeing propaganda.
Also, people are much more rational than economists give them credit for. You don't need a new car for transportation. But you may need a psychological boost of self-respect. You may need to feel like those people from the commercial. You may need social status, validation, a lot of other tangible things that economists and software engineers are so quick to label as "stupid"; and buying the car for those reasons is often a very rational and wise thing to do, even if you don't admit the real reasons to yourself.