That’s a tall drink of kool aid.
Nobody wants to see targeted ads that will get them to spend more money than random ads. That’s a basic corollary of nobody wanting to spend more money in general.
Caring about advertising “working” to support businesses is like caring about blacksmiths losing horseshoe replacement work when automobiles arrived.
I don't follow your leap of logic.
I could just as easily say those earnings reports proof how effective psychological warfare is at exploiting the weakness and insecurities of humans in order to part them from the fruits of their labour.
The observations I have made tell me that for some stuff people will buy because it's a good deal (usually non-essential luxury stuff) but for things they actually need in their day-to-day, they pay extortionate prices because there are simply few or zero options.
Simply make "I want to see targeted ads" an opt-in choice, then. I suspect the take-up would be a fairly small percentage of the population, but if it would satisfy your needs (and others like you), as well as mine - then I'm all for it!
This is disingenuous, I suspect that you know why. The reason few people would opt-in is not because few people support or agree with the premise. The reasons is the very act of "opting-in" to a thing is a huge barrier.
If receiving CPR was "opt-in", I would expect 1/3 of the population would just never get around to it or somehow be confused with the process. I bet you even could drive the opt-in rate down to 10% just by requiring a separate paper form that had to be requested and mailed to specific address.
Targeted ads are a method by which lots of people are able to make a bit more money. These aren't exciting changes but it is the difference between lots of people having hobby and making it their job. As most people don't care enough about the privacy of their internet history to take trivial steps like using private browsing windows. Why should the obligation to be on the large number of people who don't care when the small number of people who do care can take trivial steps, like private browsing?
Using the example of life-saving CPR as a "similar" example seems to be extremely disingenuous of you, and I suspect you know why.
* CPR - almost universally considered a good & essential thing for all humans by any measure (sure, a small number of religious groups might beg to differ).
* Targeted ads - well... not so much. wow.
If the poster didn't intend the post to come across that way, he may be experiencing an inherent bias in his opinion, in that he believes advertising is self-evidently good and simply didn't consider that other people might not agree.
I'm not sure that's any better.
For an example of irrelevant ads (minimally targeted), start reading your junk mail.
Unless you are just claiming that shadow profiles are not a real thing [1], I think Facebook is becoming more like a government entity in the sense that you cannot "opt out" of Facebook any more than you can "opt out" of your government, or you can "opt out" of having any friends in your life.
Unlike a government, which, even at its most corrupt and inefficient, is actually supposed to be built with a system of checks and balances to help serve its constituents, and in theory can at least be overthrown via coup or elections, the only thing you have with Facebook is this expectation that they don't "owe anybody" anything.
Make no mistake, Facebook is devious enough to know this, and it also knows there are lots of "useful idiots" (and I don't mean you, I mean the others who think this point shouldn't even be up for discussion!) who keep saying Facebook doesn't owe anybody <anything> without acknowledging that we have a phenomenon here which has never been seen before.
[1] https://www.cnet.com/news/shadow-profiles-facebook-has-infor...
It seems that nobody ever considers the other side, which would be that people are now targeted with ads that they want to see instead of poorly targeted ads that just waste their time. Another plus is that small advertisers can now afford to advertise alongside companies with much larger budgets by micro-targeting. I've engaged with lots of ads on Facebook and its not because I'm stupid, it's because they are showing me things I'm interested in. There's nothing wrong with being concerned with how data is being used but this constant dialogue from the "never ads" crowd is pretty tired.