Banker Jamie Dimon, Tony and Cherie Blair
Bankers Mammon , George Frederick Watts (1817-1904) Photo Credit: Tate [CC BY-NC-ND] The world’s most powerful banker has attacked socialism, saying it produces “stagnation, corruption and often worse.” Jamie Dimon, JP Morgan’s chief executive, took aim at socialism in his annual letter to shareholders and warned that it would be “a disaster for our country.” The remarks from Dinon, who was paid $31m (£24m) last year as the head of America’s largest bank, and who is estimated by Forbes to be worth $1.3bn, were made amid an emerging new wave of left politics in the US. Democratic socialism has been embraced by a new generation of politicians including the New York congresswoman Alexandria Ocasio-Cortez, and by supporters of Senator Bernie Saunders, a long-time socialist now ma...