Goldman Sachs May Be Forced to Fundamentally Question How Capitalism Is Working
&gt;We are always wary of guiding for mean reversion. But, if we are wrong and high margins manage to endure for the next few years (particularly when global demand growth is below trend), there are broader questions to be asked about the efficacy of capitalism.<p>This isn&#x27;t a criticism of capitalism.<p>This is an acknowledgment our current &quot;capitalist&quot; financial system isn&#x27;t able to produce &quot;capitalism&quot; itself.