Consumerism, & BCG, McKinsey & E&Y bullish on Africa
In Season 4, Episode 3 of the popular TV series Mad Men, Don Draper meets Anna’s niece, a U.Cal Berkeley student. “I’m not political,” she tells Don, “I just don’t understand who’s in charge.” “You’re in charge,” comes the ad man’s response. Historian Andrew Marr concurs.
Summarising his authoritative book A History of Modern Britain, Marr acknowledges that ‘the story that follows is the defeat of politics by shopping’. ‘Consumerism,’ he explains, ‘has shouldered aside other ways of understanding the world – real political visions, organised religion, a pulsing sense of national identity’.
Dr Peter Ackerman, former chair overseer of The Fletcher School of Law and Diplomacy, has observed that the composition of cross-border transactions has shifted from official to commercial since the Cold War ended. Commerce, according to Chilean activist Guillermo Wechsler, has become the most relevant domain of human activity, because commerce is what determines the distribution of resources.
And as commerce has risen and has helped bring to the West, South America and East Asia unparalleled levels of prosperity, so too is it rising, and will it continue to rise in Africa, as it caters to the rising consumer class. Don’t take my word for it. See what top-tier strategy consultants McKinsey and BCG, the World Bank’s IFC, the Africa Development Bank, Ernst & Young and The Economist have to say.