TYT Hour 1 - January 23rd, 2020The Young Turks
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Jamie Dimon is complaining about socialism, but he wasn't complaining when he got millions in taxpayer dollars during the Wall Street bailout. Ana Kasparian and John Iadarola, hosts of The Young Turks, break it down.
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"Socialism has failed where it’s been tried and ultimately leads to an “eroding society,” J.P. Morgan Chase CEO Jamie Dimon said Wednesday.
With democratic socialist Sen. Bernie Sanders among the leaders in the Democratic presidential race and other candidates espousing similar-sounding ideas, the head of the nation’s biggest bank by assets said the idea of socialist control of the means of production would be detrimental to the U.S.
“I honestly don’t think they understand what socialism is,” Dimon told CNBC during a “Squawk Box” interview at the World Economic Forum in Davos, Switzerland, referring to a question about millennials."
Hosts: Ana Kasparian, John Iadarola
Cast: Ana Kasparian, John Iadarola
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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