“I think capitalism is the greatest thing that ever happened to mankind.” Here’s J.P. Morgan Chase’s Jamie Dimon on socialism, inequality and climate change. Davos2020
"Most state-owned enterprises don't do a particularly good job," he added. "You look around the world and they become corrupt over time. That doesn't mean that capitalism is perfect. That doesn't mean that every public company is perfect. No, there are flaws."in backing socialism, though many of his opponents in the Democratic race also back universal health care, increased business taxes and greater government control over private enterprise.
Dimon said he did not want to address any specific candidates. But he said that socialist governments traditionally have done a poor job allocating capital and end up backing politically popular endeavors and "bridge to nowhere" projects."They do need to fix inner-city schools, infrastructure, health care," Dimon added. "We can fix all of those in a capitalist society.
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