We each have our own beliefs and emotions about money, and they are mostly shaped by our individual life experiences.

Yes. I have a scarcity mindset, largely built from my experiences for the first 35 years of my life. The last ten, I have been shifting this. An abundance mindset doesn't mean spending like water and hoping more arrives through :)

The economy encourages compulsive consumption through every business model. No company looks to improve the financial health of society, because every company wants to make profits.