The internet is awash with get-rich-quick schemes, scams, and outrageous claims about making money. Almost all of it untrue in one way or another. We sometimes think this is a phenomena limited to the internet. But it’s much the same as advertising was at the turn of the last century, when outrageous claims filled the pages of newspapers. The internet is just the latest incarnation.
We are now in the second generation of internet advertising and if one thing has become clear, it is that internet marketing works. This was not clear in the first generation, where billions of dollars were squandered in attempts at selling dollar bills for 95¢ and other poorly thought out schemes. The lack of testing and fundamental misunderstanding of trying to do image advertising in the first-generation led to the great bubble and burst of 2000. Today we are seeing much smarter, much better strategies put to use by large and small companies alike. Continue reading
This would be funny if it weren’t true. From Oligopoly Watch:
Chocolate or Mockolate?
Big world’s biggest confectionery companies, including Nestle and Hersheys, are doing what oligopolies do beat, influencing government regulation in their favor. At stake is the very definition of chocolate. According to a Bloomberg article (“Hershey Battles Chocolate Connoisseurs Over Selling `Mockolate'”. April 24):
The Chocolate Manufacturers Association, whose members include Hershey, Nestle SA and Archer Daniels Midland Co., has a petition before the U.S. Food and Drug Administration to redefine what constitutes chocolate. They want to make it without the required ingredients of cocoa butter and cocoa solids, using instead artificial sweeteners, milk substitutes and vegetable fats such as hydrogenated and trans fats.
The reason for the requested change is the great expense of cocoa butter, a required ingredient. Big Candy would like to substitute cheaper stuff, included the dread trans-fats. […]