Worries about particulars like infinite scroll miss the point: fundamentally, the advertising business model is a market distorting one that companies use to provide goods and services below cost. It is paid advertising that should be banned. Doing so would eliminate the incentive to create addictive products in the first place since increased usage would no longer drive increased revenue.
There would be less products. Severely less. All drinks would be made by Coke, all potato chips would be made by Pepsi (who owns Lays). They would be much cheaper (or more profitable), and there would be no opportunity for competition ever again. Everyone who works for a company other than the above would be laid off because their company couldn't sell enough product to remain in business.