That's definitely partly true. You can't argue that market capitalism doesn't move some resources to useful and productive things.
Maybe you are right and this is just a horrible inefficiency that will be corrected as soon as we figure out how to make ad optimization and ultra addictive time wasting games more efficiently.
It doesn't seem likely to me at all though, the only arguments I've seen for it are just ideological commitments to our current economic/political system.
The statement that modern global captialism is the best system for productive human endevour we have come up with and the statement that modern global capitalism and the systems it will spawn are enough to continue the upward trajectory of civilization are not the same thing.
> If they had a net loss from advertising they simply wouldn't do it.
I have little faith in the non-scientific philosophies that this kind of statement is based on given modern neuroscience and human irrationality. There are too many counter examples. We are not self interested rational actors, it's way more complicated than that.
Maybe you are right and this is just a horrible inefficiency that will be corrected as soon as we figure out how to make ad optimization and ultra addictive time wasting games more efficiently.
It doesn't seem likely to me at all though, the only arguments I've seen for it are just ideological commitments to our current economic/political system.
The statement that modern global captialism is the best system for productive human endevour we have come up with and the statement that modern global capitalism and the systems it will spawn are enough to continue the upward trajectory of civilization are not the same thing.
> If they had a net loss from advertising they simply wouldn't do it.
I have little faith in the non-scientific philosophies that this kind of statement is based on given modern neuroscience and human irrationality. There are too many counter examples. We are not self interested rational actors, it's way more complicated than that.