America Quote by Jamie Dimon
“In America, you keep on hearing productivity is low; secular stagnation, it's a new normal. It's just not true: We've had multiple wars; we're not educating our kids. We had government shut downs, badly-spent money, failures in the health system, failures and an extreme amount of regulation - that's why we're going slow.”
About This Quote
Source Speech: Annual Shareholder Meeting, Jamie Dimon, 2023
Productivity concerns are blamed on external crises, but the real issue is systemic inefficiency and over‑regulation hindering growth.
In simple terms: People blame crises for low productivity, but deeper problems lie in inefficiency and regulation.
Key Takeaway
Address systemic inefficiencies to boost productivity.
Themes
economics
productivity
regulation
leadership
policy
Mood
critical
analytical
Type
business
economic
When to use this quote
- government
- business
- education
- healthcare
- regulatory reform
Key Concepts
macro‑economics
organizational behavior
public policy
Questions to Reflect On
- What regulatory changes would most improve efficiency?
- How can organizations adapt amid constant crises?
A Different Perspective
Improving productivity also requires cultural change, not just policy.
![“I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster. But we didn't. And some of that was Republicans' [fault], by the way.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/c6a/jamie-dimon-1320_crisis_i-think-if-we-had-another-set-of-policie_34817.jpg)
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
![“I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]” quote by Bill Hicks](https://sms4smile.com/quotes/img-quotes/3d2/bill-hicks-970_america_i-ll-smoke-i-ll-cough-i-ll-get-the-tumor_655.jpg)
