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Because they make more money that way.
In order to stop them, you'd need a large percentage of customers go out of their way to purchase policies from companies with the lowest advertising budgets.
Or we'd need to recognize incorporation as the social contract that it was supposed to be, and start demanding public benefits in exchange for the companies being granted those privileges.
Merely restricting advertising is thinking extremely small compared to what they owe us, but hey, might as well throw it on the list anyway.
Fascinating read. what would be the economical impact if this was to return as charters with limited power and duration?
More public funding, less corporate interference in our government’s processes. We might actually find that Congress and state legislators listen to their constituents instead of conflicting corporate interests.
This was basically my grandfather's modus operandi. He wouldn't buy anything he saw in an ad. Dude was a nuclear physicist, so maybe he was on to something.
And while it'd be pretty hard to do that today, I always try and keep it in mind when I buy stuff. I ask myself if I feel like I'm being pressured to buy something, and to try to always be willing to walk away without buying. You can always decide later, and buy it then.
Bought a bottle of scotch once that said "The greatest advertisement is a quality product." I would have to agree.
The funny thing is that was the advertisement
Let's not go attributing success in one area as relevant to being smart in another, unrelated area, even when they're right. I prefer the other guy who worked in the industry agreeing rather than a nuclear physicist. Unless nuclear physicists typically get their degree by researching the insurance industry and their quality in relationship to advertisement budgets.
I am not a nuclear physicist but have also been practicing that concept. Show me an ad that I don't want to see? I Boycott.