Jamie Dimon warns Europe’s GDP per person has fallen from 90% of America’s to 65%. He says it could fall to 50%.

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JPMorgan CEO Jamie Dimon warns Europe is falling dangerously behind America economically… and blames anti-business, anti-investment, and anti-innovation policies. 🇺🇸🇪🇺

“If you don’t believe me, go to Europe, folks. Europe used to have a GDP per person of 90% of America’s. It’s now 65%. It’s on its way to 50%.

That will jeopardize the health of Europe itself over time.

And it’s all anti-business, anti-investment, anti-innovation. They kind of know it.

If they don’t fix it—and we should help them fix it, because Europe matters—it’s really bad for the Western world, too.

We should do it wisely.”

Europe shift over the past three decades has proven decimating for their economy. Aging population forces mass immigration in order to maintain adequate growth. Crazy regulation and bureaucracy slows innovation and investment… forcing the economy further down. At the same time, the United States has pulled ahead exponentially and will continue to do so. Europe is struggling.

Europe didn’t fall behind America overnight. But when an economy makes it harder to invest, build and innovate, the bill eventually comes due. Dimon’s warning is that Europe may still be underestimating how far it has fallen. Australia is following the European path and the same holds true for Canada. They regulate everything like hell, except immigration! Is that fascinating?

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