| This is total nonsense. Without advertising, how does a new competitor compete with the entrenched incumbents? How does anyone find out about your product? News media? Because media converage is often the result of having a paid PR firm pitching your story to reporters. Reporters then become the gatekeeper for what becomes successful or not. As far as word of mouth, that is very difficult to rely upon as a repeatable business model. For example, if a smaller local bakery competing with a larger and more popular local bakery starts to make birthday cakes but they didn’t before — how does anyone in the community find out about it since people that buy birthday cakes typically go to the incumbent because they have no idea that the smaller bakery is starting to make great birthday cakes as well? It’s going to take a lot of time before that smaller bakery starts selling some cakes because nobody will know to go there for that purpose. Advertising is precisely the tool that allows new market entrants to compete with the status quo. As another example how does anyone learn that they can run Windows on their Mac without Apple having advertised that fact? Tech writers? How do they find out? PR? PR is advertising too you know, a different kind, but it is still a paid effort to create market awareness of some product or service. As far as “searching it out” — let’s take searching on Google or Bing as an example — the top organic results are the result of years of SEO; a new incumbent would be buried on page 20 for perhaps years which means that company will die waiting for word of mouth to start to happen. Meanwhile some big competitor with the budget for the extensive content marketing maintains their market leading position because there is literally no way for the new company to ever be discovered. Advertising is critical if we are to have competition. If we want nothing but Soviet style companies, then sure, eliminate advertising. Good luck ever launching a new product or trying to disrupt anything especially in spaces where virility isn’t possible. A new, more effective adult diaper for instance — who’s going to run out and tell all their friends about that? How much does word of mouth influence a decision as to what car to buy? There’s some influence certainly, but my family of five has different needs than my single neighbor. So word of mouth isn’t so effective when discussing the finer points of 7 seat vehicles. So I search blogs? Ok, so what providers a blogger to review vehicles? Page views? For what? Bloggers will charge for subscriptions to read their content? Good luck with that. Micro payments could be a solution, but a company would still need to let the blogger know there is even a new car to review right? Or are the bloggers camped outside of dealerships waiting for unannounced new models to arrive? PR is advertising, albeit a more indirect form and PR is very expensive. My point; eliminating ads is bad for innovation and bad for companies who want to enter new markets. |
Also, we don't need to weigh the pros and cons of advertising as long as all actions are voluntary.
Why is it somebody else's business to make the world suit your tastes, you need to put effort for it, either by paying or creating such a product in the world, not by imposing it on others with regulations