In the United States, we pride ourselves on having a free market economy—but we don’t actually have one. Corporations are given endless help while workers often struggle to survive. Jon sits down with Jamie Dimon, CEO of JPMorgan Chase, to discuss these two sides of the economy.CREDITSHosted by: Jon StewartFeaturing, in order of appearance:Jay Jurden, Jamie DimonExecutive Produced by Jon Stewart, Brinda Adhikari, James Dixon, Chris McShane, and Richard Plepler.Lead Producer: Sophie EricksonProducers: Caity Gray, Robby SlowikAssoc. Producer: Andrea BetanzosSound Designer & Audio Engineer: Miguel Carrascal Assistant Sound Editor: Brian BonifacioSenior Digital Producer: Kwame OpamDigital Coordinator: Norma HernandezSupervising Producer: Lorrie BaranekHead Writer: Chelsea DevantezElements Producer: Kenneth HullTalent: Brittany Mehmedovic, Haley DenzakResearch: Susan Helvenston, Anne Bennett, Deniz Çam Theme Music by: Gary Clark Jr.The Problem With Jon Stewart podcast is an Apple TV+ podcast, produced by Busboy Productions.https://apple.co/-JonStewart
In this episode, the hosts share some personal facts about themselves, ranging from the value of pens to the experiences of going to school with a controversial nickname.
The speaker, who has never taken any acting class, talks about his brief stint in a game show and how he tried to solve a puzzle in it but failed miserably.
While the United States may have a market economy, it is not a free market economy as some individuals remain trapped in perpetual stagnation without equal access to prosperity. The issue lies in the fact that only a few individuals reap the benefits of the economy, while others are left without access to healthcare, education, and jobs.
The business roundtable signs on to various policies but how do you hold corporations accountable for their responsibilities other than having them write better citizen documents. Advocates for legislative and monetary policy change push for a stronger social safety net, but it is often perceived as socialism.
The United States has hurt American competitiveness with certain tax policies that have driven capital and jobs overseas, which has negatively impacted the growth of the country felt by the middle and lower classes, while the wealthy should pay for it to come out of their pockets.
The failing school system and infrastructure stem from corporate policies rather than government policies as efficient use of capital through technology and investment would be a better solution.
The speaker suggests that more money should be used at the demand side to help the people, citing how it was done in 2008 and how toxic derivative problems could be fixed. They also emphasize the need to collect taxes to pay for the help people need.
The economic policies have been shifted to favor the investor class, which has resulted in an unbalanced system. The solution lies in focusing on infrastructure, fairer tax policies, and creating job opportunities, especially for the labor and worker class.
The speaker argues that oversimplification, binary thinking, and using facts to justify pre-existing beliefs have led to bad policy in various fields from military to aid, diplomacy, and respect for other cultures. The speaker suggests employing a symphony of power that acknowledges differences while promoting higher wages, better medical services, and job opportunities for everyone.
French businesses often hire younger workers on temporary contracts in order to avoid the costs of long-term employment, but this has led to negative consequences for generations of younger workers.
The American public often blames the elite political leaders and business for issues, such as income inequality, but it's legitimate to do so as they have the power to make change.
The United States applauds entrepreneurs and believes in second chances without punishing people for the rest of their lives for failure or past mistakes. The last 20 years saw anemic growth in the country and left behind too many people.
The speaker jokes about their knowledge of Italian meats and a boxed lunch option at a restaurant.