[semimojo]

Stocks are priced by the money they make, not by the wealth they produced.

Again, what is wealth?

You seem to be saying it's only tangible assets.

If I own stock in Netflix, which only produces entertainment, does that stock asset contribute to my wealth?

[mrsmith]

Well, you seem to be deliberately refusing the distinction between new wealth and moving wealth around.

I’, aware that a mature economy doesn’t grow at the rates of emerging ones.
But any economy has to grow or die.