Author Topic: Jamie Dimon says America used to be a ‘can-do nation.’ Now it’s as bureaucratic as Europe  (Read 275 times)

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Jamie Dimon says America used to be a ‘can-do nation.’ Now it’s as bureaucratic as Europe
Story by Eleanor Pringle • 23h


JPMorgan CEO Jamie Dimon loves America—but that doesn’t mean he won't highlight its faults. Among Uncle Sam’s issues, the Wall Street veteran says, is the notion that the country is drifting away from its can-do roots.

Speaking to Spectrum News NY1, Dimon said there were a raft of changes America could make to increase its growth, adding that it’s “deeply frustrating” when these don’t happen.
 
Among the changes the 68-year-old suggests are initiatives he’s mentioned previously. They include teaching financial literacy and health care in schools, as well as targeting educators on whether their pupils land jobs after graduating, as opposed to college admission rates.

In the interview released Thursday, Dimon made it clear he wants to see red tape reduced and opportunities made more available.

https://www.msn.com/en-us/money/markets/jamie-dimon-says-america-used-to-be-a-can-do-nation-now-it-s-as-bureaucratic-as-europe/ar-AA1rH225?ocid=msedgdhp&pc=HCTS&cvid=ebe36587716b47caf9068acdff11011e&ei=98
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address