@MajorMitchell
"James, there is, in Australia a TV program called the Gruen Transfer, which discusses advertising and is a mix of comedy, and serious discussion. For example they have a competition between invited advertising agencies to produce a TV ad to "sell the un~sellable" eg sell whale meat ..which led to the classic line.."whale meat..the beef of the sea" and Russell Howcroft has been a regular participant on that show, because of his proven track record in the advertising industry, he's also the CEO of a multi TV station media company /TV network
Russell spoke about RedBull in length on this programme on National TV in Australia.. He's a respected insider in the advertising industry"
ok. what does this disprove what i said? I'm saying advertising adds to the perceived value of a product, and consumers react to perceived value instead of actual value.
this also does not address my point that more competition -within the same market - will lower prices
"So if you want to keep pissing about like a stupid child then go ahead and keep quibbling.."
i gave you economic theories passed down over centuries
i gave you a point by point example of how these things work
you have called me a stupid child.
"But Howcroft spoke with inside knowledge, expertise, experience, and berates Red Bull as one of the greatest examples of how marketing and advertising etc can get millions of consumers to pay "way too much for a product", and choose red bull instead of cheaper and better drinks designed to replace electrolytes."
once again, you're ignoring perceived value, calling it pointless. firstly, red bull isn't MASSIVELY over price. when you're dealing with dollars per unit, 300-400% price increase barely affect demand.
furthermore, this is not what i was arguing.
i said more competition=lower prices
you still have yet to directly address that.
"You're just like those clowns that the French philosopher talked about, but you just dress your ignorance up with snippets of selectively chosen economic " buzz words, phrases & concepts" and in my opinion are a stubbornly obtuse donkey."
i did not give you "snippets" of economic theory: i gave you entire bases of economic theory.
and as long as you're playing that ad hominem game, calling me a "stubbornly obtuse donkey" HOW many years have YOU studied economics? how long have you spent in that field? you berate me but at the end of the day, you still haven't disproven my point
more competition, will lower price within a market.
"Frankly I've lost interest in convincing you of the veracity of Russell Howcroft's excellent dissertation, I dare say if you watched it, listened to it, you'd still refuse to acknowledge even the possibility that Howcroft might actually know what he's talking about, you behave like a stupid, stupid stupid nincompoop."
more insults... also:
YOU NEVER SOURCED IT TO ME!!! I CANT FIND IT!
you make an argument off of a video, i can't find!!!
i'm not saying advertising makes people into irrational beings.
i have NEVER denied that point.
what i AM saying, is that even with advertising, more suppliers in a market will lower prices for the same quality product.
Why. am. i. wrong?
don't use insults. the three personal attacks you've used on my already probably warrant a silence, but if there's a mod watching this thread: please don't.
i want an answer.
what did i say that is false?
where is my evidence faulty?
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