sorry, I wrote what I meant …

… although it is most likely that it will go unnoticed.

In a 2017 discussion paper from the McKinsey Global Institute, posing the question

Where will Latin America’s growth come from?

we can read on page 15

… shifting from an abundance mindset to a productivity mindset.

The hegemony of competitive market economies, grounded in and aiming on eternal growth as source of wealth is far reaching – and part of the mindset is: scarcity is nearly everywhere and abundance is actually a negative occurrence – widespread in the pattern that is crucial for these economies: we have to create scarcity if it is does not exist anyway. And we do so not least by social distinction [or should we say maintaining class divides and exclusion?], by ruthless exploitation of the environment and by simply maintaining the unsustainable Growth-of-Developed-Product[ion] ideology. Thus, the proposal in the report suggests:

Latin American countries need to make the most of their rich resources by extracting them, selling them, and using them more efficiently. [ibid.]

Admittedly there are some valid points made about lack of efficiency and the environmental problems within those economies. But if and to which extent commodity-production-oriented extractivism is the solution may be questioned.

And it should also make us thinking if there is something fundamentally wrong if

[o]verall, macroeconomic fundamentals in the region have been strong, with low inflation and low volatility in exchange rates and interest rates. Public debt levels have fallen slightly over the past 15 years. [22]

– the latter remarkable as it has to be seen against the enormous pressure from many uncivilised attacks from the so-called developed countries – protectionism is not protectionist if used by certain countries …

Well, abundance is bad … ??? – Well, perhaps it really is, namely if it based in the permanent and extended production of superfluous products, if it is a matter of Growth-of-Developed-Product[ion]-ideology


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