There's a lot of question as to how much advertising is actually worth the cost, at least in terms of actual sales. I suspect that many companies could scale back their spending on marketing substantially and never notice any difference in sales.
Advertising does more than push sales though, it also manipulates consumer perspectives and our culture. It sets expectations. It tries to make you feel inadequate, insecure, and unfulfilled. It modifies how we act and the ways we express ourselves. It changes how we see ourselves and the world. Maybe that is what's really worth the money.