The overwhelming majority of businesses don't have investors to care about. Ignoring that, investors demand growth because that's basically the definition of i

The overwhelming majority of businesses don't have investors to care about. Ignoring that, investors demand growth because that's basically the definition of investing. If businesses don't want to be pressured to grow then they don't have to take money from people who want growth. Removing inflation wouldn't stop people from chasing growth. People want to make more money. 2% annual inflation changes the calculations a bit (towards more proactive investing), but in a world of 0% inflation people would still want to make money. They would just be a bit more conservative since there's no penalty for holding. And yes, slow growth is a bad thing. Our population is growing. The pie has to be grown if we don't want living standards to nosedive.