Jamie Dimon on Why “Europe Is Getting Poorer”

It takes 27 nations to make a decision. They let their military drop dramatically. It’s very bureaucratic. It’s part of the reason that they lost Britain… we allowed Europe to fall apart… they’ve gone from 90% of the GDP of America to 65. That’s not because America did anything bad to them. It’s their own bureaucracy, their own cost… They do some wonderful things on their safety nets, but they’ve driven business out, they’ve driven investment out, they’ve driven innovation out.

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