You make an appealing case and the future may very well be according to your hypothesis. In such a world. The stock market will of course exists as a way for the founders to get bought out of their company. The dividend paying consumer oriented businesses like real-estate, food and infrastructure may be the beneficiaries as their will always be a stable demand. While other business will shoot through the roof and then become stale as they get out-competed by the next evolution of products.