No, but that hasn't stopped more and more people from becoming shareholders. In 1980, only 25% of all American workers were invested in the market. Today, that number is closer to 60%. That's one reason our household net worth has been climbing to record highs and why our middle class is doing so well. As a matter of fact, the economy is doing so well that 80% of all millionaires in the U.S are first generation rich.
Where the profits go does indeed matter. Even though the doomers hate to see others getting wealthy while they stagnate and grow bitter.
In 2001 top 5% owned 60% of national wealth, while bottom 60% owned 4%. How is it now?