Jamie Dimon Calls Capitalism Critiques ‘Dead Wrong,’ Blames Policy Failures As Economic Growth Staggers— ‘Some People Are Selfish…’

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JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon is once again stepping into the role of capitalism’s most prominent defender, calling critiques of the U.S. economic system as no longer working for ordinary Americans “dead wrong” in a CBS News interview on Tuesday.

A self-described “red-blooded American patriot capitalist,” Dimon has long identified more with an economic philosophy than a political party. A recent CBS News poll found that most Americans believe it is harder to buy a home, raise a family and get a good job than it was for past generations.

‘Not Because Of Capitalism’

Dimon acknowledged capitalism has its drawbacks but argued it has lifted billions out of poverty. “Some businesses do bad things and …

Full story available on Benzinga.com

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