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An advisory from Maxine Waters lays out the line of questioning the committee intends to pursue, i.e., asking the CEOs about their banks’ record profits, fines paid by the banks, and CEO compensation. The advisory notes that these institutions made $780 billion in profits over the last 10 years while paying at least $167 billion in fines, with tens of millions of dollars in compensation going to the CEOs. In other words, this could get a little bit fiery.As for Jamie Dimon, I single him out because he has been much more public about his views on broader social issues; in speeches, interviews and in his shareholder letters. While Dimon defends a mixture of social programs and capitalism, pure socialism is a no no in his mind. In this year’s annual letter to shareholders, Dimon wrote: “Socialism inevitably produces stagnation, corruption and often worse — such as authoritarian government officials who often have an increasing ability to interfere with both the economy and individual lives — which they frequently do to maintain power. This would be as much a disaster for our country as it has been in the other places it’s been tried.” It will be interesting to see if Ocasio-Cortez, a member of the Democrastic Socialists [url=http://www.buyusacigarettes.com]Newport 100's soft pack cigarettes - Cheap Cigarettes Online Sale Shop[/url] of America (along with Rashida Tlaib), takes him on.
To my mind though, this whole capitalism versus socialism drama has been way overblown and used by both Republicans and Democrats to further their agendas. The truth is most people in the United States, (including Jamie Dimon as noted above), recognize that unfettered capitalism won’t work. And by the same token, our nation has rejected deep dives into socialism. The words “capitalism” and “socialism” are used nowadays as trigger words to both rally and instill fear.
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