Kurt Known retweetledi

According to Ludwig von Mises, advertising exists because consumers are not omniscient. In a market economy, businesses must constantly communicate, persuade, and compete for attention.
Advertising often appears vulgar, loud, or excessive not because markets inherently corrupt culture, but because advertising adapts itself to mass psychology. As Mises noted, “the bad taste of the public” shapes advertising more than advertisers themselves.
And unlike political propaganda, commercial propaganda cannot indefinitely impose inferior products on people. In the long run, consumers still judge through experience.


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