Jamie Dimon explains why socialism fails

Jamie Dimon presented a prescient case against socialism, not only as it pertains to emerging sentiment in the Democratic Party, but also to its immediate ramifications abroad.

“I think we ought to educate younger kids — freedom and free enterprise are inextricably linked, they’re not different,” he said. “I mean, you can’t tell people where you can work or how you’re going to work, where are you going to — free enterprise was the pursuit of happiness. And, you know, once you have governments taking control of businesses, it ends up in corruption, in Venezuela and — and it rose over time because companies get used for political purposes, not to give you great products and services.”