What about a company which grows every year but never pays dividends and can't be sold for more than $0? Would you want to buy it for $1? ( I prefer to use $1 because $0 has the problem of indifference )
Even if this company owns the whole world at the end, is it worth even $1?
Yes, because then I am entitled to voting rights so that I can force them to give me the money. Usually, voting rights are a tiny fraction of the stock value.
If I get non-voting shares that do not pay dividends, then these aren't shares, they're just useless scraps of paper. If the only utility I can get from them is being able to point out that I "technically" own the entire world, it is indeed useless.
Maybe I'm willing to pay a dollar for it but certainly not two.
Even if this company owns the whole world at the end, is it worth even $1?