That might be worded a bit too dramatic.
Anyways, it is good for people if more of the available money is invested in necessary and useful things. Like energy-saving technology, decarbonization, solar power, cheap electric cars and so on. The world is in the biggest technological transformation of the last 150 years: The transformation away from fossil power… and most US ecomical leaders are sleeping at the helm.
The stock market has little relevance to the real economy.
I wrote my thesis on a narrow field in corporate finance in 2021, and I am completely outdated, because I quit the industry in 24… Shit has moved fast.