The stock market is not 'the economy', just as a bookmaker is not a racecourse. Universal equity shares would be more broadly based, and also would not be tran

The stock market is not 'the economy', just as a bookmaker is not a racecourse. Universal equity shares would be more broadly based, and also would not be transferable, else you'd just get the same old concentration of wealth. Economies sometimes shrink, eg GDP went down during covid, but in general they grow. But the 'capital value' is not important anyway, the dividend is. Even if an economy is shrinking, it is still producing.