[kingsuper20]

My main problem with advertising and the technologies surround it, aside from the obvious privacy issues and their misuse, is that it seems to suck all the air out of the room.

The birth and dominance of the online advertising business model looks to be the greatest misallocation of engineering talent in the history of humanity.

[p_j_w]

This is a bit how I feel about advertising in general. Human beings' time is being taken and mouths are being fed not to increase overall output, and thus lifting the overall well being of members of society. Instead, Company A hires advertisers to convince the public to buy their product instead of a competing product to Company B. Value is created for Company A, but entirely at the expense of Company B. At no time in the economic... chain?... of events that is advertising is anything actually created, yet vast sums of money, and thus allocation of resources, is put here. It seems INSANELY wasteful.

[imtringued]

>At no time in the economic... chain?... of events that is advertising is anything actually created, yet vast sums of money, and thus allocation of resources, is put here. It seems INSANELY wasteful.

You're forgetting something, companies start off completely unknown. How did they reach the point where the market has been fully saturated and the only real way to gain more customers is to take them from someone else? Oh right, it's because advertising increased the grow rate of your company to the point where there is barely any growth left.

Let's manufacture a completely artificial scenario to illustrate my point:

Person A: So, you're telling me you spent $5 billion on advertising and all you have to show for it is a 5% higher market share than your biggest competitor?

Founder: Yes, we used the advertising budget to grow our market share from less than 1% to 40%. Our next biggest competitor has a 35% market share.

[agalunar]

Right, but there's a difference between connecting a business to a customer who wants the product (which is good!) and influencing the wants and needs of the customer, particularly against the long-term interests of the customer (which is bad).

[I think it's impossible to try and succeed at connecting people with businesses without somewhat influencing their wants and needs, but ideally we limit that.]

Modern ad tech is problematic because it has little regard for people's long-term interest and demonstrably affects people's wants, particularly in the context of searching and automatically-curated feeds: since the internet is so absurdly vast and searches/feeds are the windows to the world, you can partially control the reality in which users live.

[FridayoLeary]

but the advertising industry has almost alone managed to produce google. That's a trillion dollar company that has literally changed the world.

Some perspective is needed. What looks like an evil industry of insane waste is at the end of the day subsidising our most important tools for business, communicating, and relaxing. All thanks to the vast allocations of resources and money into advertising.