I would've thought it would tell you when the person you follow posts something but then you will get spammed with alerts when you can just check their recent activity.
It's more of a friend's list than anything else. You can choose to whom you follow, and they can choose to follow you back in return if they wish. If we were to receive alerts for everytime someone we followed posted something, many users would have an unmanageable number of alerts. Just something to keep in mind.
Comments on Profile Post by TCP_Disabled