Cost-benefit ratio. It costs pennies to send out a million emails. If 1/100th of a per cent actually click on it, it pays for itself (whether or not they follow-through). And it's the advertizers who are willing to pay the spam factories those pennies.
And the businesses expect people to start a financial relationship with based on an intrusive, annoying, and usually unwanted advertisement that epitomizes the bottom-feeder culture that infests the internet.
the internet culture is the best and most fantastic culture in existence right now on the planet due it's fast and diversity of information sharing and services that is global.
Opportunistic human nature and exploitative business practices do not go away - or spring into existence - because of any new technology. The internet did not invent spam. Nor is the internet immune to it. Knowledge is power. The internet is a quantifiable advance in global communications among humans, which is not a bad thing, and takes us one more step toward a globally-connected culture.