Inflation is already almost zero in much of the West. People demand growth because they want to get richer, regardless of the prevailing conditions.
I would also like to point out that if there were to be no growth and no inflation (edit: and a static population level!), then the only way to add a dollar to your pile is to permanently make someone else a dollar poorer. That seems likely to accelerate the lethality of the billionaries vs. hungry poor conflict rather than de-escalate it.
> inflation will erode their savings
> compete harder and harder just to maintain his/her existing standard of living
These are two different things. Savings are a stock, "standard of living" is a flow. The distinction matters here because GDP measures flows; the two are related through the money equation "MV=PQ".
I would also like to point out that if there were to be no growth and no inflation (edit: and a static population level!), then the only way to add a dollar to your pile is to permanently make someone else a dollar poorer. That seems likely to accelerate the lethality of the billionaries vs. hungry poor conflict rather than de-escalate it.
> inflation will erode their savings
> compete harder and harder just to maintain his/her existing standard of living
These are two different things. Savings are a stock, "standard of living" is a flow. The distinction matters here because GDP measures flows; the two are related through the money equation "MV=PQ".