"Commercial speech" being protected by free speech laws anywhere is abhorrent. The advertising industry, in and of itself, seems abhorrent to me. It's one of the worst things humans have come up with, ever.
Could one not categorize material published in a book, magazine, or on television as 'commercial speech', liable to restrictive licensing and censorship? This seems like a slippery slope which the USA is on the correct side of.
I agree that commercial speech is not the same as advertising, but the comment I replied to was talking about restricting commercial speech, not advertising.
And not a single one of these is tenable, even when combined. How do the people that post reviews, or spread something over word-of-mouth, discover the thing in the first place? Try your hand at starting a business and trying to sell goods or services using these methods and see how well it works.
Banning advertising would have the opposite effect; entrenched players would have a massive moat. The biggest gains from advertising by far accrue to newer entrants, not the big companies.
Everything single one of those local businesses is also doing advertising, and is probably how you found them in the first place. They're buying local newspaper adverts, using flyers, or participating in valpaks/coupon mailers.
Actually all of those sound fine to me... I guess it's really just Internet advertising that feels wrong to me, especially when they try to fill in as the source of revenue themselves rather than a means to drive revenue for the main product.
>How do the people that post reviews, or spread something over word-of-mouth, discover the thing in the first place?
The follow industry conventions, visit registries of industry websites, have professional lists where companies submit their announcements (and not to the general public) and so on.
>Try your hand at starting a business and trying to sell goods or services using these methods and see how well it works.
If advertising is banned, it will work just as good as for any competitor.
It only assumes they are aware that the category of products exists, and ordinary word-of-mouth communication is sufficient to propagate that knowledge.
How does word-of-mouth communication propagate knowledge that is currently in the possession of zero existing customers? Or operate for products that people have little reason to discuss with other people?
Suppose you sell insulation and replacing the insulation in an existing house could save $2 in heating and cooling for each $1 the insulation costs. Most people know that insulation exists, but what causes them to realize that they should be in the market for it when they "already have it"?
People don't need to discuss specific products, they only need to be aware of the existence of product categories. If it's genuinely the case that whole product categories are unknown to many people who could realistically benefit from them, as determined by a disinterested third party, an exception could be made for advertising that does not mention specific products or brands.
The insulation example can be solved by publication of data on average heating costs. When people learn that their neighbors are paying less they will be naturally incentivized to investigate why. Equivalent problems can be solved with the same general technique.
>Suppose you sell insulation and replacing the insulation in an existing house could save $2 in heating and cooling for each $1 the insulation costs. Most people know that insulation exists, but what causes them to realize that they should be in the market for it when they "already have it"?
The same legit things that can cause them to realize it today. Word of mouth, a product review, a personal search that landed them on a new company website, a curated catalog (as long as those things are not selling their placements).
An ad is the worse thing to find such things out - the huge majority ranges from misleading to criminally misleading to bullshit.
99.9% of businesses in the US are considered small businesses. If we look at all the businesses in the world small businesses make up an even larger percentage. In most parts of the world these are people with 0-5 employees; meaning they're just families and individuals trying to make ends meet.
If you remove the ability for these people to advertise there goes their livelihood. I understand the desire to want to punish big evil corporations but all this will do is strengthen them because they're the ones who have enough capital to survive something like this and scoop up the marketshare left behind by the millions of small businesses that will fail when this is implemented.
99.9% of small businesses do little to no advertising. I can’t recall seeing an ad for a single one of the small businesses I am a customer of. 99.9% of ads I get are for megacorporations and national brands.
I know people who do moderation for the advertising side of social platforms and they say that more than half of the advertising submissions are done by small businesses. They said that the estimate is around 90% of small businesses use internet advertising in some capacity. There's a bidding mechanism, though, so more big business ads may be shown; especially if you live in a populated region. But that's just a numbers game.