Consumer Driven World of Advertising Essay

1550 Words 7 Pages
Consumer Driven World of Advertising The speech titled "Advertising's Overdue Revolution" is a very interesting read. I will attempt to break the speech down into a number of main themes discussed by the author. I will then examine each of these themes and decide whether or not I agree with the points presented. On the issues that I have a difference of opinion, I will examine why, and try to support my argument with relevant facts.

How much is advertising responsible for the highest credit card debt and lowest household savings in years?

Let us make sure we understand what advertising is before we tackle this question. I will not be talking about one particular ad, but from the common theme underlying every ad.
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1. Promote only those goods and services that benefit human development.

I do applaud the author for recognizing there is a problem and wanting to do something about. But I see a large problem with his first proposal. With capitalism, free enterprise, and little government control it is impossible to regulate industry and force them to promote only the goods and services that benefit society. Most industry's are profit driven, answering to their shareholders for instants in a large corporation. There are a few exceptions to the rule such as non profit organizations. The proposal sounds like the building blocks and ideology of a communist government. A communist country is where the state controls the industry, economy and owns all property. In that case it is theoretically possible, but even then the government is using their own subjective view of what promotes human development.

If we believed in this principle, we would be opposed to the most obvious products that harm human development such as cigarettes, alcohol, drugs, and nuclear power. We would also have to be opposed to giving kids candy as it has no nutritional value. Big Macs, Coke, Pepsi, and potato chips would all have to be banned. What benefit do these food products offer us? They have no nutritional value and one could argue that soft drinks are addictive because of their caffeine content.