... Dimon and other Wall Street CEOs helped trigger the 2008 financial crisis when the dangerous and irresponsible loans their banks were peddling – on which they made big money – finally went bust. But instead of letting the market punish the banks (which is what capitalism is supposed to do) the government bailed them out and eventually levied paltry fines which the banks treated as the cost of doing business.
... Dimon isn’t really concerned about widening inequality. He’s not really concerned about socialism, either.
Dimon’s real concern is that America may end the kind of socialism he and other denizens of the Street depend on – bailouts, regulatory loopholes, and tax breaks.
These have made Dimon and his comrades a fortune, but they’ve brought the rest of America stagnation, corruption, and often worse. [Source]