Thursday, January 23, 2020

JP Morgan CEO Jamie Dimon Slams Socialism

The clip below is really an excellent commentary from Jamie Dimon.

He gets it. He takes a look at just one angle of socialism but it is an angle that is not often considered.

It is the angle of how and why socialism distorts incentives so that companies no longer attempt to serve consumers.

The clip is 1 minute and 59 seconds.


1 comment:

  1. That's funny. People like Dimon give capitalism a bad name. Action speaks louder than words. If he really wants a capitalist society he can start by giving up his own industry's oligopoly and abolish the FED.