Sunday, June 5, 2016

Bankster on Trump and "Inclusive Capitalism"

In the interview below, JPMorgan CEO Jamie Dimon decried the fact that students are anti-capitalist. He said it is because they weren't properly educated about capitalism, but it becomes clear as the interview goes on that he doesn't understand capitalism either.

He confirms to the interviewer that he wants "inclusive capitalism," which is not capitalism but interventionism and manipulation of the free market system.  He calls for a government increase in infrastructure spending which is crony capitalism and he has fallen for the income inequality problem myth that he seems to think needs to be solved.

He is a Lincoln hugger also.

Jamie needs to be locked in a room with these two books and not allowed out until he reads them: 1, 2.





-RW

4 comments:

  1. You know that it is difficult to get a man to understand something when his self-interest requires that he not understand it.

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    1. Exactly. I worked in the banking industry for 12 years and advocated abolishing the FED until it was made clear to me that banks are simply divisions of the federal government. No books are going to lift the fog from Dimons' mind.

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  2. I think we've got to move past Lincoln. I don't see how revising Lincoln really helps us. He's known for abolishing slavery and slavery sucked so it's an fruitless uphill battle.

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    1. He is known for abolishing slavery because politicians lie. Moving past Lincoln enables the liars to continue with this strategy. Exposing the liars is never fruitless although it may be never ending.

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