I have thought about whether banning advertising would be a good idea prior to stumbling onto this article. I'm not saying there would be no downsides, but I think there would be a TON of benefits as well.
Consider that advertising is mostly (not 100%) a zero-sum game. It's not zero sum when it helps to inform people of products and services that would make their life better, that they would willingly have sought out and purchased if not for their lack of knowledge that the product existed.
However, there are lots of extremely common situations where advertising is just a net drain on society:
* when it encourages people to buy things they don't need, exploiting our monkey brains' desire for the seratonin that accompanies buying stuff.
* when everyone already knows what's out there in the market, and it's just massive empires fighting for market share, like coke and pepsi, or various car companies, trying to keep their products in people's minds. They're just playing tug-of-war and very little changes.
* again like with soda, or cigarettes, or vapes, or fast food and junk food, where the products being advertised are actually worse for your health than the default alternative (drinking tap water, not smoking, cooking food at home). Perhaps people enjoy these things, but there is a hedonic treadmill effect where you quickly get used to them and are no better off than if you just avoided them.
* when advertising makes public spaces less pleasant to be in. And when it's distracting to drivers, increasing the chances of an accident.
* when advertising makes websites hard to use
* when the advertising industry vacuums up tons of talented people with the attraction of the money they would make, who might otherwise have gone into careers that are more beneficial to the rest of society
I don't doubt that shills and astroturfing would still exist or possibly get worse if you did nothing about it -- but you could ban that too. You wouldn't catch everyone, but the threat of punishment would make it much less likely for people to be willing to participate in that sort of stuff.
I do think that we would need a replacement for the small, actual valuable thing that advertising provides, which is providing information. I think it would be great to allow sorts of "ad indexes" or "product indexes" which are websites specifically dedicated to aggregating information about all the products available in a given market. Maybe search engines are already good enough for this purpose. Honestly, when I want to learn about what's out there because I'm getting into a new hobby or something, I just do the google-reddit trick like searching for "reddit good value electronic piano" and reading about what other people like.
Likewise for politics, it would be fantastic if every election had a website where candidates could submit their policy platform and potentially a video or two (though I like the idea of JUST text for this) where you can read about them. It's hard enough to find out about candidates for local elections already.
So I'm very much in favor of trashing the whole thing. I think it's a case where advertising benefits those who do it (and in very rare cases, consumers) but mostly just has massive negative externalities. Classic case for either banning it, or putting a steep tax. Usually I'd prefer the latter (as in the case of carbon taxes), but I think taxing ads would be very complicated and the tax rate would probably instantly make most ads vanish anyway, so I think a ban makes more sense.
I think the whole problem with externalities is that even if everyone gains a private benefit from their choice, you can all be worse off due to the externalities.
To take your example, if you have a society of 30 people, each of whom drives, and gains +20 utility for driving, but -1 for each other car on the road, you get a net utility of -9 per person. But if any individual decides not to drive, their utility drops to -29, even as they provide a total benefit of +29 utility to everyone else by choosing not to drive.
It's obviously a lot more complicated than that. You have local externalities (noise, particulate pollution, health issues due to a more sedentary lifestyle, deaths and injuries due to accidents) and global ones (GHG emissions). Using public transport also subjects people to some negative externalities, if crime isn't controlled enough, or if people are noise. And you don't want a place that makes driving hard, but also has crappy public transit -- though usually, crappy public transit is a symptom of car-centric design, in my opinion.
But I think on balance, places where driving is discouraged in favor of other modes of transport are better off, and especially, a world where private automobiles are rarely used is better than a world where most everyone drives everywhere.
I believe that if you're doing some heavy chopping, that orientation keeps the cutting board in good condition for the longest time, as you're not cutting through the wood grain and taking chunks out of the board.
Separately I've heard that while bacteria can live in wood cutting boards, they tend to stay where they are rather than migrate out of the board and into the food -- but I can't back that up with any actual references.
My intuition, based on what I know of economics, is that a UBI policy would have results something like the following:
* Inflation, things get more expensive. People attempt to consume more, especially people with low income.
* People can't consume more than is produced, so prices go up.
* People who are above the break-even line (when you factor in the taxes) consume a bit less, or stay the same and just save less or reduce investments.
* Producers, seeing higher prices, are incentivized to produce more. Increases in production tend to be concentrated toward the things that people who were previously very income-limited want to buy. I'd expect a good bit of that to be basic essentials, but of course it would include lots of different things.
* The system reaches a new equilibrium, with the allocation of produced goods being a bit more aimed toward the things regular people want, and a bit less toward luxury goods for the wealthy.
* Some people quit work to take care of their kids full-time. The change in wages of those who stay working depends heavily on how competitive their skills are -- some earn less, but with the UBI still win out. Some may actually get paid more even without counting the UBI, if a lot of workers in their industry have quit due to the UBI, and there's increased demand for the products.
* Prices have risen, but not enough to cancel out one's additional UBI income entirely. It's very hard to say how much would be eaten up by inflation, but I'd expect it's not 10% or 90%, probably somewhere in between. Getting an accurate figure for that would take a lot of research and modeling.
Basically, I think it's complicated, with all the second and third-order effects, but I can't imagine a situation where so much of the UBI is captured by inflation that it makes it pointless. I do think that as a society, we should be morally responsible for people who can't earn a living for whatever reason, and I think UBI is a better system than a patchwork of various services with onerous requirements that people have to put a lot of effort into navigating, and where finding gainful employment will cause you to lose benefits.
I agree that all regulation is written in blood. But at the same time, regulation can result in bleeding, and we don't always carefully weigh the costs and benefits of regulation. There may be a law that saves 100 lives a year, but that indirectly causes 150 deaths due to knock-on effects.
It's not easy to inject nuance into a discussion that feels like you have millions of people on each side of a tug-of-war rope that goes from "MORE REGULATION" to "LESS REGULATION".
I think housing, which you mention, is an excellent example. Yes, we need regulation in housing because without it, people will die from shoddy structures collapsing on them, electrocution, gas leaks, etc. But at the same time, in the USA there are absolutely regulations in housing with very little benefit and absolutely massive costs, where we have examples of first-world countries without those regulations that do just fine. I'm talking about things like the requirement that all apartments have 2 stairwells. Or mandatory setbacks and minimum lot sizes and parking requirements. edit -- and of course zoning codes, where we've shifted the market toward building housing that's so big that people can only afford to share it with strangers. And while people used to live in crowded, cramped tenements, driving housing prices up by restricting supply leads to people living on the street.
In medicine, there are diminishing marginal returns to making doctors go through more schooling, and the cost is simply that fewer people choose to be doctors, and people just go without health care. And even within that simple dilemma of "should we make it harder or easier to be a doctor", i'm sure there is a universe of alternate ways to move the needle in different dimensions. Requiring more or less schooling, more or less time in residency, changing limits on the number of hours doctors and nurses can be scheduled in a week, tightening or loosening malpractice law in different ways, etc. Each of these has some positive and negative effects, and I'm sure we have a ways to go before we hit the optimal point. And even then, you have to choose how to balance quality of patient care against doctors and nurses quality of life!
Or take drug approvals. There are drugs in development that show lots of promise, that probably should be made available to people who are dying anyway and want to try them. The FDA does not allow that. We have to balance against companies trying to scam people with fake medicine. No policy is 100% without harm. I believe that, even for policies I strongly advocate.
Or laws that were originally targeted at local environmental protection, that are now being used by nearby residents to stop solar farms from being built, stopping us from reducing fossil fuel usage. Those regulations were written in the blood of wildlife -- and now they're cause much more harm than good to wildlife all across the world.
So if you are asking if we've deteriorated since The Jungle, in many ways, no, of course we've improved safety of working conditions massively, and lots of other things. But in other, important ways, we've gone somewhat backwards. I believe it's absolutely possible to improve our society by removing some regulations, but I think it takes a lot of careful, small, targeted tweaks, where we've carefully weighed the costs and benefits. Though in rare cases, like as in parking minimums, the evidence is that they are so harmful that just scrapping the regulation entirely is the way to go.*
Consider that advertising is mostly (not 100%) a zero-sum game. It's not zero sum when it helps to inform people of products and services that would make their life better, that they would willingly have sought out and purchased if not for their lack of knowledge that the product existed.
However, there are lots of extremely common situations where advertising is just a net drain on society:
* when it encourages people to buy things they don't need, exploiting our monkey brains' desire for the seratonin that accompanies buying stuff.
* when everyone already knows what's out there in the market, and it's just massive empires fighting for market share, like coke and pepsi, or various car companies, trying to keep their products in people's minds. They're just playing tug-of-war and very little changes.
* again like with soda, or cigarettes, or vapes, or fast food and junk food, where the products being advertised are actually worse for your health than the default alternative (drinking tap water, not smoking, cooking food at home). Perhaps people enjoy these things, but there is a hedonic treadmill effect where you quickly get used to them and are no better off than if you just avoided them.
* when advertising makes public spaces less pleasant to be in. And when it's distracting to drivers, increasing the chances of an accident.
* when advertising makes websites hard to use
* when the advertising industry vacuums up tons of talented people with the attraction of the money they would make, who might otherwise have gone into careers that are more beneficial to the rest of society
I don't doubt that shills and astroturfing would still exist or possibly get worse if you did nothing about it -- but you could ban that too. You wouldn't catch everyone, but the threat of punishment would make it much less likely for people to be willing to participate in that sort of stuff.
I do think that we would need a replacement for the small, actual valuable thing that advertising provides, which is providing information. I think it would be great to allow sorts of "ad indexes" or "product indexes" which are websites specifically dedicated to aggregating information about all the products available in a given market. Maybe search engines are already good enough for this purpose. Honestly, when I want to learn about what's out there because I'm getting into a new hobby or something, I just do the google-reddit trick like searching for "reddit good value electronic piano" and reading about what other people like.
Likewise for politics, it would be fantastic if every election had a website where candidates could submit their policy platform and potentially a video or two (though I like the idea of JUST text for this) where you can read about them. It's hard enough to find out about candidates for local elections already.
So I'm very much in favor of trashing the whole thing. I think it's a case where advertising benefits those who do it (and in very rare cases, consumers) but mostly just has massive negative externalities. Classic case for either banning it, or putting a steep tax. Usually I'd prefer the latter (as in the case of carbon taxes), but I think taxing ads would be very complicated and the tax rate would probably instantly make most ads vanish anyway, so I think a ban makes more sense.