Capitalism is “Greatest Thing to Happen to Mankind”

Two cheers for JPMorgan boss Jamie Dimon for saying he thinks “capitalism is the greatest thing that ever happened to mankind.” It kind of is. A secular miracle, really. Capitalism is why people in today’s advanced economies make $200 a day rather than $2 a day or less as they did back in 1800. It’s why there are even such things as advanced economies. Read Full Article »