Foreign media: JPMorgan CEO Jamie Dimon warned at the Hill and Valley Forum that the U.S. is becoming "like Europe" in its sluggish defense posture, criticizing cumbersome regulations and congressional interference slowing down the Department of War's procurement processes, and suggesting greater involvement of private enterprises in military equipment production.
He pointed out that it was a major mistake for American companies in the past to shift their supply chains to China just to save $10; China’s GDP growth rate often reaches twice that of the U.S., and it leads in areas such as shipbuilding, automobile manufacturing, and battery production. The U.S. should acknowledge its own weaknesses to prepare for potential confrontations.
Dimon also unusually expressed optimism about the Iran war, arguing that although short-term risks remain uncertain, Gulf states are realizing the need for permanent peace due to concerns over capital flight. Shifts in attitudes by countries like Saudi Arabia, the UAE, and Qatar make long-term peace prospects in the Middle East more promising.
Original: toutiao.com/article/1860650011531401/
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