Extreme black and white thinking about socialism or anti-socialism is imbalanced. Of course we need socialistic elements like Medicare and social security. We also need to have the potentiating of a free market to give maximum individual incentive and to create a balance. If we could look to find the optimal balance we would be speaking a common language.
Photo caption: Speaking at the World Economic Forum in Davos, Dimon told CNBC that capitalism is not perfect but is capable of fixing the problems of today. (CNBC)