On a side note, I overheard someone in a sports bar a few days ago say how watching ads on TV makes them nostalgic. Not basic cable itself, fucking ads. Eat my ass America.
So efficient how Pepsi and Coke each spend billions of dollars on advertising, even though the only reason they advertise is to compete with each other.
That is not true at all, Coke and Pepsi advertising are much more symbiotic. If you see a Coke ad, but prefer Pepsi, then you are likely to purchase more Pepsi because of that Coke ad.
If anything, Coke/Pepsi are competing with iced tea, lemonade, coffee, beer, or just not feeling thirsty. But most of all they are competing with water, which is a perfectly good drink for almost any occasion.Coke and Pepsi each own a bunch of water brands though, water is one of their products not their competition.
Sometimes I forget that most people buy water in disposable plastic bottles instead of just drinking from tap basically for free.
Not just parallel redundant development, backlogged redundant development.
How many times has the same piece of software been written? The same tool reinvented? The same research done over again, because the people who invented it originally wanted to keep it a trade secret and would literally rather burn it than release it for free if they go down?
I only see commercials nowadays during the few days a year I spend visiting my parents, who still have actual TV. Maybe it's just because I'm wearing the They Live glasses now, but I swear they are getting worse and worse.
Think of all those wasted hours of work instead of being used to plant trees/save the whales/fight desertification, teach children, take care of sick/elders/children, build infraestructure,etc etc etc
Ads actually do make me nostalgic because I've used adblock so long and so consistently that the only time I really saw them was when I was a kid. It's terrible
The efficient market hypothesis means that capitalism always does the right thing in the same way that the halting problem means that it's impossible to write a program that analyzes another program. That is, it doesn't, yet I'm still surrounded by people who are very smug about thinking it does.
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Without patent protection, nobody will invest in new technologies! We need to license and regulate information because it's the engine of technological innovation.
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Why are you complaining about research redundancy? Don't you realize that five firms investing in the same basic research and then suing each other over who developed it first is actually the height of market efficiency?
These are the people telling you that you don't understand economics.
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Ah yes but you see what you don't understand is that the marginal utility, which, let's be clear, cannot be measured, that employers receive from their firms producing identical competing products, is greater than any efficiency that centralized coordination might achieve, and, additionally, marketing strategies and billions of dollars of advertising provide levels of utility that are greater than any utility from, for example, vaccination campaigns :globe_emoji: :brain_emoji: :line_go_up_emoji:
I wonder if marketers go insane trying to figure out why someone would watch hours worth of 80's-90's commercials on Youtube. I hope they do.
Its such a perfectly hopeless gasp of a desire to have something culturally relevant happen to you in your lifetime, that I experience it myself all the time.
Popping on those old ad's is sometimes one of the quickest way to feel feelings and I feel like there is an entire books worth of research to be done exploring why that is.
