I like the quote and despise advertising of any kind for mostly the same reason, but you could apply this logic to any kind of business and it starts to fall apart.
> The spherical-cow "ideal" 100% efficient perfect pharmaceutical is physically addictive. It is isomorphic to narcotics trafficking.
> The spherical-cow "ideal" 100% efficient perfect medical system keeps you sick.
> The spherical-cow "ideal" 100% efficient perfect food product induces constant cravings.
There’s arguments to be made that all of these things are true, but what we’re talking about is not essential to the activities themselves but the profit motive that underlies them. Profit motive in and of itself is not sufficient to cause this kind of behavior; it requires a disregard for the consequences that your actions will have upon others. A lot of marketers fall into this category, but I’m not convinced that marketing in and of itself can be reduced to this spherical-cow in a vacuum.