If stock market growth is based on speculation there will be pressure to:
1. Reduce/limit the growth in the number of companies so more investments are concentrated.
2. Pressure more people, including "retail investors" (a term of contempt) to put their money in the market to keep it growing.
A healthy market wouldn't grow any faster than the total yearly payout of dividends. (I've said these things to HBS grads and they just stared at me like I mad) But, explain the problem to me?
