>You've defined capitalism circularly to your argument. Not so much a circular definition as a practical one. Technically an investor could invest only to get

>You've defined capitalism circularly to your argument. Not so much a circular definition as a practical one. Technically an investor could invest only to get dividends or rent, but in today's world, in both the stock market and real estate, growth and appreciation dominate. Maybe this is a cultural preference that could be changed, but I think it's deeper than that: the growth imperative emerges from the competitive nature of capitalism itself, so that the system is inevitably and unavoidably growth-seeking. I hope you're right, and that a more essential asset preservation + income system can be sustained. But without significant wealth regulation, I have my doubts.