Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Updated on: March 31, 2026 / 8:23 PM EDT / CBS News
Jamie Dimon is defending capitalism in its hour of need.
In an interview with "CBS Evening News" anchor Tony Dokoupil, the JPMorgan Chase CEO rejects critiques of the country's economic system as no longer benefiting a mass of Americans as "dead wrong." Dimon acknowledged that capitalism has its drawbacks, but said it has helped lift "billions" out of poverty.
His remarks come as millions of Americans struggle with the high cost of living and with some polls showing a decline in positive views of capitalism. A recent CBS News poll also found that most Americans think it is harder to buy a home, raise a family and get a good job than it was for past generations.
Dimon spoke with Dokoupil following the launch of JPMorgan Chase's new "American Dream" initiative, which will funnel tens of billions of dollars into local communities to support small businesses, affordable housing and job growth.
"Some people are selfish. Some are self-centered. Some are this. Some are that," said Dimon, who is widely regarded as America's most prominent banking industry CEO. "That's true in a communist society or in a capitalist society. Some businesses do bad things, and it's not because of capitalism."