[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.

[semimojo]

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

This is a chart of the market cap of listed US companies.

As you can see, the total has increased from around $7T 25 years ago to over $30T today.

Unless you can show me another part of the economy that lost $22T in value over that time I consider that new wealth.

Don't you?