Jamie Dimon on how economic inequality fueled political polarization and what can be done
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 14 August 2024
⏱️ 12 minutes
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| 0:00.0 | Many U.S. corporations are navigating a divisive political climate on a range of issues that impact their businesses, from trade to diversity to immigration. |
| 0:10.0 | The CEO of the country's largest bank, Jamie Diamond of J.P. Morgan Chase, has been speaking out about it. |
| 0:16.4 | Judy Woodruff spoke with him in Bentonville, Arkansas for her series, America at a crossroads. |
| 0:28.0 | Every summer for the past 14 years Jamie Diamond has spent a week traveling through different parts of the country |
| 0:32.0 | on his annual bus tour. |
| 0:35.0 | Visiting bank branches like this one opened just last year in Bentonville, Arkansas, |
| 0:41.0 | meeting with employees and clients and asking and answering questions. |
| 0:47.0 | Diamond is one of the most powerful figures on Wall Street at the helm of J.P. Morgan Chase |
| 0:52.4 | for the past 20 years. |
| 0:54.0 | And every year he writes a letter to shareholders |
| 0:57.0 | outlining his top concerns, including on issues beyond his immediate role as a banker, things like education, |
| 1:05.0 | D.E.I, and the conflicts in Ukraine and the Middle East. |
| 1:09.0 | With former President Trump charging the U.S. economy is shattered, Diamond's view is striking. |
| 1:16.0 | It is the most prosperous, most innovative, best economy the world has ever seen. |
| 1:22.0 | This world of our lives, we've lifted billions of people out of poverty. |
| 1:25.0 | There are negatives, you know, we should focus on that, but to give you a couple of |
| 1:28.4 | focal points, European GDP per person was very close to ours something like 20 years ago. It's now like |
| 1:34.4 | 65% of ours. So you compare us to the rest of the Western world quite good and we need to |
| 1:39.8 | continue and we I think we could continue to do that. |
| 1:42.8 | You wrote in your letter to shareholders in the spring about our, you called it Polarized Electorate, |
| 1:49.5 | and you said we need to find ways to put aside our differences. |
| 1:53.2 | Why do we find ourselves in this situation? |
... |
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