""We've become like Europe, we're unable to move and change-change budgeting, change procurement. You know, let people do what they need to do.""
""Building up the nation's military is especially important as it faces geopolitical issues including the threat of a conflict with China.""
Jamie Dimon expresses frustration with U.S. defense policies that hinder adaptability and procurement processes. He suggests increasing private sector involvement in military equipment production to streamline operations. Dimon highlights the importance of strengthening the military amid geopolitical tensions, particularly with China. He notes that while established defense contractors dominate, new companies like SpaceX and Anduril are gaining government contracts, indicating a shift towards innovation in defense capabilities.
Read at Fortune
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