I think the Walmart and Toyota case is less interesting because they’re not creating “new” consumption. Like Walmart has a huge revenue because it’s captured a big slice of people’s overall consumption. If Walmart’s revenue doubled next year, it’ll probably because they got a bigger slice, not because people are suddenly buying twice as much stuff.
I think the Walmart and Toyota case is less interesting because they’re not creating “new” consumption. Like Walmart has a huge revenue because it’s captured a big slice of people’s overall consumption. If Walmart’s revenue doubled next year, it’ll probably because they got a bigger slice, not because people are suddenly buying twice as much stuff.