Why American CEOs are worried about capitalism

Why American CEOs are worried about capitalism

American CEOs have emerged as a surprising critic of the same system that made them rich: capitalism. Prominent executives like JP Morgan CEO Jamie Dimon and Bridgewater founder Ray Dalio have expressed concerns about the need to improve the broken system to alleviate financial inequality in the United States. Some speculate that an element of fear also drives these criticisms — surveys show that the percentage of young people who approve of capitalism has fallen by 23 percentage points.