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Why Don’t We Just Ban Targeted Advertising?

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Re: Why Don’t We Just Ban Targeted Advertising?

#31
post #6

Earlier quoted context omitted.

Yeah our societies functioned for centuries without targeted ads, and we can do it again. It's only the past decade or two that we've had targeted ads. I think you could compare targeted ads to selling drugs: there's clearly a market for it and it will sustain many peoples' livelihoods, but as a society we've seen the ill effects of letting them run rampant and decided we're better off highly regulating them. It's ti…

We also functioned for centuries without electricity, hot and cold running water, or good sanitation. The fact that we functioned without something doesn't imply that we're better off without it.

We would be certainly better off without advertising. We don't need people to tell us to buy things to function in society.

Re: Why Don’t We Just Ban Targeted Advertising?

#33

The argument for massive Pigouvian taxes on advertising seems much clearer. Advertising imposes massive costs on society and the viewers. These costs aren't borne by the advertiser, so they should be captured through massive taxes and put to good use. And many brands wouldn't feel much of an impact: what matters to Coke is that it spends more than Pepsi. If their $6B on advertising only buys 1/10th as many ads as it…

And it's a shame really - I find most budget colas have a far richer cola flavour than either Coke or Pepsi. Coke especially is very bland.

Idk about budget colas but Fentimans Curiosity Cola is pretty nice, and you don't need billboards on streets to get me to buy some. (I don't think I've ever seen an ad for Fentimans'.)

Re: Why Don’t We Just Ban Targeted Advertising?

#35

Earlier quoted context omitted.

> Why don't we just ban advertising? Newspapers would need to be subscription-only or patronage-based. Distributors become kingmakers. If the incumbent's product is in the grocery stores and the upstart can't advertise, there's no path to entry apart from winning over a distributor. Niche products become nonviable. If you can't reach out to your customers, they have to reach out to you. That requires they know (a) th…

>Newspapers would need to be subscription-only or patronage-based. In my eyes, this would be a win. Journalism ideally should serve the readers. Aligning the business model (patronage/subscription-only) with the ideal seems like a good thing in the long run. Journalism (including but not limited to print) is filled with essentially noise that wouldn't be economically viable if the publishers had to justify the value…

It would be interesting to study the content creators with the highest patreon revenue and see what kind of content they're creating. Is it Outrage of the Day echo chamber content, how to DIY, storytelling, or something else. That might give us some insight into what a advertising free content creation world would look like.

Re: Why Don’t We Just Ban Targeted Advertising?

#37
post #7

Why don't we just ban advertising?

> Why don't we just ban advertising? Newspapers would need to be subscription-only or patronage-based. Distributors become kingmakers. If the incumbent's product is in the grocery stores and the upstart can't advertise, there's no path to entry apart from winning over a distributor. Niche products become nonviable. If you can't reach out to your customers, they have to reach out to you. That requires they know (a) th…

> Niche products become nonviable. If you can't reach out to your customers, they have to reach out to you.

Umm, I think this is largely the reality for niche products right now, with advertising. I don't see ads for niche products, and I don't see producers of niche products paying for ads because a small campaign wouldn't reach the right audience and a large campaign would be too expensive for a niche product.

Re: Why Don’t We Just Ban Targeted Advertising?

#38

The argument for massive Pigouvian taxes on advertising seems much clearer. Advertising imposes massive costs on society and the viewers. These costs aren't borne by the advertiser, so they should be captured through massive taxes and put to good use. And many brands wouldn't feel much of an impact: what matters to Coke is that it spends more than Pepsi. If their $6B on advertising only buys 1/10th as many ads as it…

What’s the cost that advertising imposes exactly?

Re: Why Don’t We Just Ban Targeted Advertising?

#39
post #37

Earlier quoted context omitted.

> Why don't we just ban advertising? Newspapers would need to be subscription-only or patronage-based. Distributors become kingmakers. If the incumbent's product is in the grocery stores and the upstart can't advertise, there's no path to entry apart from winning over a distributor. Niche products become nonviable. If you can't reach out to your customers, they have to reach out to you. That requires they know (a) th…

> Niche products become nonviable. If you can't reach out to your customers, they have to reach out to you. Umm, I think this is largely the reality for niche products right now, with advertising. I don't see ads for niche products, and I don't see producers of niche products paying for ads because a small campaign wouldn't reach the right audience and a large campaign would be too expensive for a niche product.

This is exactly the problem that highly targeted advertising solves. I see ads for relatively niche products fairly often.

Re: Why Don’t We Just Ban Targeted Advertising?

#40

I'd argue that targeted advertising is actually a benefit to consumers and businesses a like. Consumers get ads for things they might actually buy, businesses waste less advertising spend.

Consumers may also get ads for things they were going to buy anyway or have already bought.

The problem, as I see it, is not businesses advertising stuff to you as a consumer. More, an ad-industry based on claiming attribution for the stuff you did buy because you just happened to click on an ad at some point in time.

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