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It serves a useful function (apparently... or at least potentially) in signalling the existence of goods and services within a local economy.
The problem is that advertising (and the economy) is dominated by big powerful organizations which owe no loyalty to any local community or economy, and therefore seek advantage through lies and manipulation of the consumer.
Proposed solution : limit the size of organizations which can access advertising media. This would solve all sorts of problems. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
seek advantage through lies
i propose no more lies, products only endorsed by real users, no more actors spouting transparent drivel.
(added to your proposal.) 'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
In Finland there is a consumer ombusdman organization that frequently intervenes on unsupportable advertising claims. You can't be me, I'm taken
Most celebs get the stuff they promote for free.
And there certainly are compartmentalised target groups. They may have fuzzy edges, but no one is going to have much success selling Hello Kitty toys to corporate vice presidents, or expensive mustard to pre-teen girls.
Of course celebs get it free, but these days they also have to sign contracts that exclude controllable competitor visibility whenever in public.
Real consumers are rewarded, though not paid a fee. You can't be me, I'm taken
It's nonsensical to suggest these groups can be equal or equivalent.
And it's not unusual for misguided celebs to damage their own brands through unfortunate endorsement deals, and for brands to have their influence damaged after picking the wrong celeb to endorse.
Advertising is powerful, but it's not infinitely plastic. Beyond a certain narrative stress point the power to persuade breaks down.
The model could derive from the major Finnish grocery stores which centralize logistics, marketing, branding and marketing for supply to the local area franchisees. These existing chains profess to be cooperatives - or member-owned, with member benefits and discounts, but they actually have expensive top-down bureaucracies. I imagine a model where such a management level would be hired to provide a management service to the members - but the members would decide on strategies, including profit-sharing. You can't be me, I'm taken
The wolves (banks eg) can still be employed to provide fixed-cost national and international services, but even that role would diminish with the adoption of better data governance and master data management. I think MDM offers the possibility of making redundant a lot of management hocus-pocus, and without that...
As corporations increasingly move their focus to the so-called UX or user experience, they are also ceding more and more power to the consumers of their products or services. For the corporations this will not end well. But I am, as usual, being too optimistic. You can't be me, I'm taken
Instead of trying to draw lines between who should be allowed to use it, and who shouldn't (a nightmare situation given the ease of creating shell corporations, shady front groups, PAC's, etc), how about hard rules on a media by media basis?
No push advertising of any sort, ever - that is, advertising which is pushed toward the consumer without their consent or desire.
Shopper wants to pick up an advertising flyer or local circular? Fine. Junk mail? Gray area. TV, Radio, and Magazine ads? Never.
The Internet is already in the process of finding ways to gather and deliver locally relevant content to interested users. A layer on top of Google Maps combined with something like GroupOn may well be enough.
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