Earlier quoted context omitted.
I'm beginning to believe that it's just impossible to do advertising ethically. The hypothesis is that an advertising firm that attempts to do so will perform worse than ones doing unethical things, and eventually lose customers.
I've come to this conclusion a long time ago. If consumers have perfect information about a class of product from different producers then advertising would be completely useless and the market for that product would be completely efficient (on the consumer side). Of course consumers don't have perfect information, and that's what the marketing industry claims their purpose is to address. But really the role that the…
I don't see it as information asymmetry, so much as mostly mediocre products and services designed to a budget trying to look more exciting and life-changing than they could ever hope to be.
The weird thing is we take it for granted instead of being repelled by it.