What the advertisers are trying to do by eliminating residuals is the most appalling form of greed that I cry thinking about it.
Sentiment: NEGATIVE
Greed is so destructive. It destroys everything.
I don't want to kill ads. I think advertising is great, and I'm very aware that there's multiple revenue streams in television, subscription and advertising. But I also don't want to put my head in the sand, and I think the world is changing.
Advertising, the product of capitalism, can only justify itself on the premise that the market is a force for good.
If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.
Let advertisers spend the same amount of money improving their product that they do on advertising and they wouldn't have to advertise it.
During periods of extreme fear or greed, you don't have the proper balance between those two to generate market efficiency and you get extremes in behavior.
Eliminating what is not wanted or needed is profitable in itself.
Advertising at its worst will be killed by the Internet. And rightly so.
As long as we, in the United States, continue to insist that our politicians have to spend all of their time raising millions of dollars for television ads, it will be corrupt. If we leave it up to the politicians to clean up lobbying and finance reform, nothing is going to change.
Greed is the lack of confidence of one's own ability to create.
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