Advertising budgets, not product merit, determine what consumers buy

Evidence

The central postulate of the rationality of economic agents and the optimality of the equilibriums produced in a state of free competition is here threatened by the most banal observation of the attention economy in the context of a heavily mediatized regime. Consumers can only consider buying products whose existence they are aware of; but their awareness of this existence is based less on the inherent merit of the products than on the advertising budgets promoting them; so the economy as a whole does not find its equilibrium around the most useful or agreeable products, but around the products that are most aggressively promoted. — Yves Citton, The Ecology of Attention, 175

Categorization

  • QUESTION: How far does this argument extend? The author concedes distortions mainly hit cultural goods—could the same logic be pressed to claim even basic commodities are attention-scarred?
  • ADDENDUM: Directly parallels the sacrifice-economy argument in ‘On Sacrifice’ where ritual competition for gods’ attention (not intrinsic merit) determines outcomes.
  • XREF: connects to: Advertising compels consumers to identify with and demand the products imposed on them — Theodor W. Adorno, The Culture Industry: Selected Essays…, 98; Brand advertising aims to convert consumers rather than persuade them — Tim Wu, The Attention Merchants, 273; Advertising manipulates consumers into wanting what they are made to want. — Tim Wu, The Attention Merchants, 258 (+12 more)

Broader Connections