Purely based on empirical observation. The rate of growth is actually quite bad for capitalism in the long run, as it's unsustainable. See Piketty's inequality.

Purely based on empirical observation. The rate of growth is actually quite bad for capitalism in the long run, as it's unsustainable. See Piketty's inequality. As capital agglomerates, it creates instabilities. When a large capital cluster collapses, if it's too big the collapse has systemic impact. If everyone is small, an individual may experience greater risk, but the system is robust. In reply to the other comments: Economic growth is different from stock market asset appreciation.