“Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.”

Meaning

This points to the way one company can use efficiency to expand volume while putting pressure on everyone’s margins, and then turns that pattern into a sharper comparison. The line reads as a criticism of uneven market power, where the same rules seem to apply differently depending on who is involved. It lands in discussions about competition, scale, and who gets to benefit from innovation.

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Who It Was Said To

Historical Context

Source

Original Language & Translation

Originally said in English.

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