SATISH SHARMA - not just Rotigraphy.: Jamie Dimon, hardly a socialist firebrand, openly called out the dysfunction at the heart of the global system.

https://x.com/Labourheartland/status/2014489504225120445

Something unexpected happened at #Davos Jamie Dimon, hardly a socialist firebrand, openly called out the dysfunction at the heart of the global system. Not in activist language. Not in moral rhetoric. But in blunt, managerial terms. Dimon argued that targeted public spending, if directed straight to people who need it, would drive growth rather than drain it. He dismissed the obsession with deficit panic and even accepted that modest tax rises might be justified, if the money actually reached ordinary people instead of disappearing into Washington’s black hole. Then he went further. He described Congress as a “swamp”, dominated by 17,000 lobbying groups. He admitted that banks and corporations are part of the problem, pursuing narrow self-interest over the public good. He pointed to how programmes like the CHIPS Act are bloated, distorted, and ultimately fail because they become vehicles for interest groups rather than real economic strategy. In other words, the system doesn’t fail by accident. It fails by design. And then, right as he reached the core of the problem, the moderator stepped in: “OK. We’re running out of time.” That moment mattered. Because when even a Wall Street CEO starts saying that money should go directly to people, that growth comes from real investment not endless lobbying churn, and that the political system is captured, the limits of acceptable discussion are suddenly revealed. Redistribution is fine, apparently, as long as it’s abstract. Critique is acceptable, as long as it doesn’t question power for too long. And honesty is tolerated, right up until it becomes inconvenient. This wasn’t a radical speech. It was a controlled breach in the narrative. And the speed with which it was shut down tells you everything you need to know about who Davos is really for. When even the beneficiaries of the system can no longer pretend it works, the problem isn’t ideology. It’s legitimacy in a rigged system exposed

@PaulKnaggs

@Labourheartland

#WEF2026 #WEF

11:04 AM · Jan 23, 2026