JPMorgan CEO Jamie Dimon is not a fan of socialism, and he’s making that abundantly clear:
JP Morgan CEO Jamie Dimon takes on socialism, says it will lead to an 'eroding society' https://t.co/6jOSFJMg0F
— CNBC (@CNBC) January 22, 2020
More from CNBC:
“I honestly don’t think they understand what socialism is,” Dimon told CNBC during a “Squawk Box” interview at the World Economic Forum in Davos, Switzerland, referring to a question about millennials.
“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.”
…
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.
“Once you do that, you will have an eroding society,” he said.
AOC no doubt took that as a personal affront (how dare you impugn socialism like that, Mr. Dimon!) but instead of whining, she opted instead for a witty comeback:
Saving this comment for the next time Wall Street asks for a $700 billion bailout from the federal government. https://t.co/5GuSTwcvQV
— Alexandria Ocasio-Cortez (@AOC) January 23, 2020
Too bad her comeback wasn’t nearly as witty as she thinks it was.
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Good zinger, but that's not socialism. https://t.co/WSpiS5xLss
— RBe (@RBPundit) January 23, 2020
See, socialism would be if the government took over the bank and ran it.
— RBe (@RBPundit) January 23, 2020
JP Morgan didn’t want to take the loan. They were forced to by the government. https://t.co/v4p8vBpOsM
— Ryan B. Leslie (@RyanBLeslie) January 23, 2020
And really, what’s AOC doing complaining about government bailouts, anyway? What has she been doing if not insisting that the government pay for everyone else’s unwise decisions?
Saving this comment for the next time student debtors ask for a bailout from the taxpayers. https://t.co/0MCpn2sEu0
— Eric Spencer (@JustEric) January 23, 2020
saving this comment for the next time you want to start a social program that will bankrupt the nation.
— Rick LaPierre ⭐ ⭐ ⭐ (@n2zyk) January 23, 2020
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