Earlier quoted context omitted.
I agree on a personal level, although at a societal level I believe regulation is required. As per the parent comment to my original one, I just fundamentally do not believe that most advertising contributes anything positive to society and mostly generates negative externalities.
The argument for advertising is that it's so difficult for a new entrant to a market to challenge an entrenched incumbent, unless they can advertise. I honestly don't know if that argument holds water.
The only net gain I can see is for the advertising industry, which extracts money from both challenger and incumbent.