--- title: "Meaning & Key Takeaway of: I think the free-enterprise system has…" description: "\"I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not..." image: "https://sms4smile.com/quotes/i/f8c/jamie-dimon-1320_capitalism_i-think-the-free-enterprise-system-has-b_3167651.png" --- # I think the free-enterprise system has been great for… ![“I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.” quote by Jamie Dimon](https://sms4smile.com/quotes/i/f8c/jamie-dimon-1320_capitalism_i-think-the-free-enterprise-system-has-b_3167651.png) [Download](https://sms4smile.com/quotes/i/f8c/jamie-dimon-1320_capitalism_i-think-the-free-enterprise-system-has-b_3167651.png) [Open image](https://sms4smile.com/quotes/i/f8c/jamie-dimon-1320_capitalism_i-think-the-free-enterprise-system-has-b_3167651.png) > “I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.” [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Capitalism drives growth but has flaws; its meaning varies among people. **In simple terms:** Capitalism works well but isn’t perfect. Key Takeaway Recognize benefits, address shortcomings. Themes economics politics ethics Mood thoughtful critical Type analytical reflective When to use this quote - policy debate - business strategy - public discourse Key Concepts market dynamics inequality definition of capitalism Questions to Reflect On - How can we improve the system? - What does capitalism mean to you? A Different Perspective Capitalism can exacerbate inequality if unchecked. ★ ★ ★ ★ ★ No ratings yet [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Capitalism Really](https://sms4smile.com/quotes/about/capitalism-really-733004/) [Economics](https://sms4smile.com/quotes/about/economics/) [Enterprise](https://sms4smile.com/quotes/about/enterprise/) [Enterprise Great](https://sms4smile.com/quotes/about/enterprise-great-314327/) [Free enterprise](https://sms4smile.com/quotes/about/free-enterprise/) [Has beens](https://sms4smile.com/quotes/about/has-beens/) [Mean](https://sms4smile.com/quotes/about/mean/) [People](https://sms4smile.com/quotes/about/people/) [Perfect](https://sms4smile.com/quotes/about/perfect/) [Say Capitalism](https://sms4smile.com/quotes/about/say-capitalism-2762860/) [Society Doesn](https://sms4smile.com/quotes/about/society-doesn/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [Any enterprise of your own is a great enterprise.](https://sms4smile.com/quotes/josh-becker/any-enterprise-of-your-own-is-a-great-enterprise/) [Josh Becker](https://sms4smile.com/quotes/author/josh-becker/) > [“The origins of great companies inevitably start with the ideas and enterprise of great men.”](https://sms4smile.com/quotes/bill-scott/the-origins-of-great-companies-inevitably-start-with-the-ideas-and/) [Bill Scott](https://sms4smile.com/quotes/author/bill-scott/) > [...the myth of socialism is far stronger than the reality of capitalism. That is because capitalism is not really an ism at all. It…](https://sms4smile.com/quotes/arnold-beichman/the-myth-of-socialism-is-far-stronger-than-the-reality-of-capitalism/) [Arnold Beichman](https://sms4smile.com/quotes/author/arnold-beichman/) > [Capitalism has been really good to me. I'm very fortunate: I have written books and my books have sold.](https://sms4smile.com/quotes/marianne-williamson/capitalism-has-been-really-good-to-me-i-m-very-fortunate-i-have/) [Marianne Williamson](https://sms4smile.com/quotes/author/marianne-williamson/) > [That so many of us find it entirely plausible that a vast network of researchers and health officials and doctors worldwide would willfully harm…](https://sms4smile.com/quotes/eula-biss/that-so-many-of-us-find-it-entirely-plausible-that-a-vast-network-of/) [Eula Biss](https://sms4smile.com/quotes/author/eula-biss/) > [“When I say ‘capitalism,’ I mean a pure, uncontrolled, unregulated laissez-faire capitalism”](https://sms4smile.com/quotes/alex-ayres/when-i-say-capitalism-i-mean-a-pure-uncontrolled-unregulated-laissez/) [Alex Ayres](https://sms4smile.com/quotes/author/alex-ayres/) > [Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of people and then walk off…](https://sms4smile.com/quotes/newt-gingrich/is-capitalism-really-about-the-ability-of-a-handful-of-rich-people-to/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [“As a rule, capitalism is blamed for the undesired effects of a policy directed at its elimination. The man who sips his morning coffee…](https://sms4smile.com/quotes/ludwig-von-mises/as-a-rule-capitalism-is-blamed-for-the-undesired-effects-of-a-policy/) [Ludwig Von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time,…](https://sms4smile.com/quotes/john-kenneth-galbraith/in-europe-and-the-united-states-the-two-decades-following-the-second/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [The paradigm of competition is a race: by rewarding the winner, we encourage everyone to run faster. When capitalism really works this way, it…](https://sms4smile.com/quotes/richard-stallman/the-paradigm-of-competition-is-a-race-by-rewarding-the-winner-we/) [Richard Stallman](https://sms4smile.com/quotes/author/richard-stallman/) > [“Any system that values profit over human life is a very dangerous one indeed. Simply put, it lacks values, and such a system will…](https://sms4smile.com/quotes/suzy-kassem/any-system-that-values-profit-over-human-life-is-a-very-dangerous-one/) [Suzy Kassem](https://sms4smile.com/quotes/author/suzy-kassem/) > [“I think politics is deadly to write about, frankly. If you have a political agenda and you set out to write a novel to…](https://sms4smile.com/quotes/donna-tartt/i-think-politics-is-deadly-to-write-about-frankly-if-you-have-a/) [Donna Tartt](https://sms4smile.com/quotes/author/donna-tartt/) > [Capitalism is the only system that can make freedom, individuality, and the pursuit of values possible in practice. When I say 'capitalism,' I mean…](https://sms4smile.com/quotes/ayn-rand/capitalism-is-the-only-system-that-can-make-freedom-individuality-and/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [“The winner takes all mindset at the root of capitalism is a poison if left unchecked. That’s not to say capitalism is bad per…](https://sms4smile.com/quotes/james-morcan/the-winner-takes-all-mindset-at-the-root-of-capitalism-is-a-poison-if/) [James Morcan](https://sms4smile.com/quotes/author/james-morcan/) > [Now you have to ask a question - is that really, is capitalism really about the ability of a handful of rich people to…](https://sms4smile.com/quotes/newt-gingrich/now-you-have-to-ask-a-question-is-that-really-is-capitalism-really/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) ## More by Jamie Dimon > [I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster.…](https://sms4smile.com/quotes/jamie-dimon/i-think-if-we-had-another-set-of-policies-for-not-the-crisis-years/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very…](https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to…](https://sms4smile.com/quotes/jamie-dimon/the-united-states-has-the-best-deepest-widest-and-most-transparent/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [People always say to me, "What if it doesn't work?" If it doesn't work, we redouble our effort. We're not going to cry like…](https://sms4smile.com/quotes/jamie-dimon/people-always-say-to-me-what-if-it-doesn-t-work-if-it-doesn-t-work-we/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We've made a huge effort globally and in the US, in getting kids jobs. This is one piece. The South Bronx and inner-city schools…](https://sms4smile.com/quotes/jamie-dimon/we-ve-made-a-huge-effort-globally-and-in-the-us-in-getting-kids-jobs/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.](https://sms4smile.com/quotes/jamie-dimon/you-know-the-benefit-in-life-is-to-say-maybe-you-made-a-mistake-let-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We…](https://sms4smile.com/quotes/jamie-dimon/jp-morgan-always-has-higher-capital-liquidity-that-is-partially-to/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Trade is very good for the country. It's very good for the GDP. It's good for wages, but it doesn't mean it's always good…](https://sms4smile.com/quotes/jamie-dimon/trade-is-very-good-for-the-country-it-s-very-good-for-the-gdp-it-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I've asked our people, "Why don't we just put a revolver on top of our basic loan?" Make it easier for the client.](https://sms4smile.com/quotes/jamie-dimon/i-ve-asked-our-people-why-don-t-we-just-put-a-revolver-on-top-of-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for…](https://sms4smile.com/quotes/jamie-dimon/as-a-matter-of-fact-25-of-our-u-s-investment-banking-business-comes/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ 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,… ](https://sms4smile.com/quotes/jamie-dimon/not-every-company-went-bankrupt-not-every-bank-needed-tarp-troubled/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I do want the tax system to be efficient and be conducive to growth, which it is not.](https://sms4smile.com/quotes/jamie-dimon/i-do-want-the-tax-system-to-be-efficient-and-be-conducive-to-growth/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ There are parts \[in Dodd-Frank\] that I don't agree with. But, in total, it is what it is. ](https://sms4smile.com/quotes/jamie-dimon/there-are-parts-in-dodd-frank-that-i-don-t-agree-with-but-in-total-it/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [It's good for America when the rest of the world grows, because you can sell more to the rest of the world.](https://sms4smile.com/quotes/jamie-dimon/it-s-good-for-america-when-the-rest-of-the-world-grows-because-you/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.](https://sms4smile.com/quotes/jamie-dimon/we-had-a-lot-of-gridlock-on-a-lot-of-issues-but-the-american-system/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) [Explore all 257 Jamie Dimon quotes ](https://sms4smile.com/quotes/author/jamie-dimon/) ## More Capitalism quotes > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Philosopher is a dictator who modifies accepted standards with his thoughts.](https://sms4smile.com/quotes/ilkin-santak/philosopher-is-a-dictator-who-modifies-accepted-standards-with-his/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [There is only one party in the United States, the Property Party...and it has two right wings: Republican and Democrat. Republicans are a bit…](https://sms4smile.com/quotes/gore-vidal/there-is-only-one-party-in-the-united-states-the-property-party-and/) [Gore Vidal](https://sms4smile.com/quotes/author/gore-vidal/) > [ Neither Italian fascism nor German national "socialism" have anything in common with such a \[Soviet socialistic\] society, primarily because private ownership of factories, plants,… ](https://sms4smile.com/quotes/joseph-stalin/neither-italian-fascism-nor-german-national-socialism-have-anything/) [Joseph Stalin](https://sms4smile.com/quotes/author/joseph-stalin/) > [Corporations have nothing to do with values, and they know it, and sometimes say it.](https://sms4smile.com/quotes/eric-kierans/corporations-have-nothing-to-do-with-values-and-they-know-it-and/) [Eric Kierans](https://sms4smile.com/quotes/author/eric-kierans/) > [Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an…](https://sms4smile.com/quotes/f-a-harper/both-fact-and-logic-seem-to-me-to-support-the-view-that-savings/) [F. A. Harper](https://sms4smile.com/quotes/author/f-a-harper/) > [The free market is ugly and stupid, like going to the mall; the unfree market is just as ugly and just as stupid, except…](https://sms4smile.com/quotes/anonymous/the-free-market-is-ugly-and-stupid-like-going-to-the-mall-the-unfree/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Capitalism, communism ... it's all garbage.](https://sms4smile.com/quotes/mstislav-rostropovich/capitalism-communism-it-s-all-garbage/) [Mstislav Rostropovich](https://sms4smile.com/quotes/author/mstislav-rostropovich/) > [There are no two countries with the same style of economic mechanism, with the same capitalism.](https://sms4smile.com/quotes/anatoly-chubais/there-are-no-two-countries-with-the-same-style-of-economic-mechanism/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become…](https://sms4smile.com/quotes/robert-kuttner/it-is-more-than-a-little-ironic-that-capital-accumulation-once-a/) [Robert Kuttner](https://sms4smile.com/quotes/author/robert-kuttner/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [Socialism is humanity's second nature. All politicians do is turn human vice into votes.](https://sms4smile.com/quotes/ilana-mercer/socialism-is-humanity-s-second-nature-all-politicians-do-is-turn/) [Ilana Mercer](https://sms4smile.com/quotes/author/ilana-mercer/) > [“Scholars have long debated whether capital markets lead to appropriate levels of saving and investment for future generations.”](https://sms4smile.com/quotes/david-l-weimer/scholars-have-long-debated-whether-capital-markets-lead-to/) [David L. Weimer](https://sms4smile.com/quotes/author/david-l-weimer/) > [“A car is one of the most interesting inventions, but driving is one of the most boring activities.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/a-car-is-one-of-the-most-interesting-inventions-but-driving-is-one-of/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) [Browse all 3,832 Capitalism quotes ](https://sms4smile.com/quotes/about/capitalism/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. 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