Earlier quoted context omitted.
>Advertising can be privacy-respecting Not the effective kind.
The entire previous history of humanity we only had non-targeted ads in newspapers, on billboards, and on TV and radio, and everyone was ok with that. But suddenly, on the internet, it's somehow "not possible" to have advertising that isn't personalized or even dynamic at all. How so?
Whilst I broadly agree, ads have been targeted to location for a long time. Newspapers and TV would have geographical editions so you don't advertise say your theatre production to people who are too far away to care. With billboards or earlier fliers, you did the same.