Jamie Dimon Quotes

I do not want to return to the Ukraine of the 1990s and the time of privatization. Ninety-eight percent of Ukrainian companies obey the laws.

Devolutionary reform will not provide a factory, a machine or jobs, build a school, train a doctor or put a pound on pensions.

My goal for the Arab world is to change the status quo, which is horrible politically, religiously, economically, in every way.

Economic reform is impossible without the educated groups.

Please let us [Arabs] have ownership of our own reform effort. We cannot ask the world not to interfere unless we are prepared to have our own vision for reform: Rights of women, educational reform, economic reform—all of them.

We are on the our way to a free market economy. Regardless of the mistakes and omissions, the government has managed to implement a firm and consistent economic policy. Regardless of how incomplete it still is, the transition to free market relations and democracy has become irreversible.

Reformers will better rectify any inadequacies they detect in the market by reaping the profits available from that inadequacy than by denouncing the very system which makes meaningful reform possible.

The market economy itself was not a product of violent action—of revolutions—but of a series of gradual peaceful changes. The implications of the term “industrial revolution” are utterly misleading.

In post-communist countries, some temporary winners of the reform are found to be an important force in resisting further reforms.

In every developing country, even developed ones, vested interests prevent sectors from being reformed.

30 years after China embarked on its fitful embrace of the free market, it has no single unifying doctrine—no ‘central melody’—and there is nothing predestined about what kind of country it is becoming.

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

China adopted a capitalist system in the 1980s, and they went from a 60% poverty rate to 10%.

But it is a worry that there have been so many delays in the reform of China's state-owned enterprises. We all know that private companies are run more efficiently than state ones. These reforms are very much anticipated for the potential dynamism they could create.

We must renew the economy from the bottom up, not top down.

The task for Germany today is - through its own policies and its own structural reforms, its own investments - to support the EU and the Commission... but every nation has to have the courage to broach such structural reforms and speak clearly about them without making people be afraid.

70 to 80 percent of country economy is controlled by the Bolivian state, and the other percentage by the private sector. We admit that it's legal, constitutional, that the private sector is entitled to its own economy, but to ensure these profound changes that clearly this government is promoting, including profound changes in the food industry, what we are doing is an important step.

I think the modernization of Chinese economy and Chinese society is a prime concern.

I don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.

Privatisation is presented as being the only alternative to an inefficient, corrupt state. In fact, it is not a choice at all... it is a mutually profitable business contract between the private company (preferably foreign) and the ruling elite of the Third World

I will continue to decisively promote reforms that will promote growth, and at the same time, I will continue to negotiate hard in order to avoid any reforms that would undermine growth.

In the early 1990s, there was a debate among economists over shock therapy versus a gradualism strategy for Russia. The people in Russia who believed in shock therapy were Bolsheviks a few people at the top that rammed it down everybody's throat. They viewed the democratic process as a real impediment to reform.

We're working with the administration on working on tax reform. You can go to better.gop and see our blueprint, that's what we're working off of. We got to get our tax rates down.

On the most recent battles on health insurance reform, the women led the battle to end gender discrimination by the insurance companies [where] women paid more and got less of a benefit, and also the whole issue of prevention.

There is a much cheaper way, less complicated way to bring Iraq and Saddam Hussein to its knees: it is simply to send the Bush economic team over there and let them run the country.